A phased approach to achieving financial independence

In my last post, I shared MLR family’s annual expenses. I also mentioned that the magic number for financial independence is $63,656 /year. It seems that generating enough passive income to achieve Financial Independence (FI) is going to be a very uphill task. Therefore I have decided to embark on this journey in several phases. In phase 1,  I intend […]

Road to Financial Independence

Today I took the first step towards achieving financial independence i.e. to determine where the goal post is? It is futile to embark on this journey without knowing how much money one needs to live. Financial independence can only be achieved if one puts in the effort to have either enough savings or passive income so that they don’t have […]

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