If you take some time to evaluate what the numbers are telling you, you’ll probably start to notice some ongoing costs that can be reduced or eliminated entirely. Originally inspired by Tim Ferriss’ monthly expense calculator, the Freedom Calculator is designed to give you some clarity about what your monthly income goal should be.Īnother side benefit of this calculator is that it should cause you to start looking critically at your monthly expenses. In order to deal with issue #1, you’ll need a simple financial freedom calculator to help you determine whether you’re ready to fire your boss and enjoy your life to the fullest.
Shockingly simple math early retirement how to#
Learning where and how to generate a passive income (and then taking action).
Understanding what your monthly living expenses are.RELATED: The Fast (And Slow) Roadmap for Real Estate InvestorsĪs the chart above implies, there are essentially two issues that need to be dealt with in order to become financially free: When you’re earning enough income from sources other than your day job (preferably, from “passive income”) to cover all your monthly living expenses, you’ve officially crossed into the realm of financial independence. Every real estate investor I know has one common goal.īut what does “financial freedom” mean anyway?
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