A Financial Independence Primer

This blog has a tagline Tech and Financial Independence, but so far I have only posted tech and programming-related articles. Over the next months this blog will focus on the Financial Independence part of the equation.

What is Financial Independence?

Financial independence (referred to as FI in the community) is the state in which you no longer need to work for money. That is, your current assets (money, investments, businesses, etc) are enough to sustain your cost of living until the end of your life.

Early retirement/retire early (RE) involves accumulating assets fast enough to be financially independent prior to the standard retirement age. People aiming for early retirement generally reach it in their 30s or 40s, and is achieved by having a high savings rate, typically 50% of their income and above. read more