5 Strategies to Achieve Financial Independence in your 40's and 50s
The focus of our podcast is to help you gain choice through the achievement of what I’ve called Financial Autonomy. A very close cousin of the idea of financial autonomy is Financial Independence. Financial independence is the concept of owning assets that produce income such that it is not necessary for you to engage in paid employment to produce the money you and your family need to live.
I'm sure most listeners are familiar with the FIRE acronym. As we've canvassed in past episodes, whilst this is a cool and catchy acronym, most advocates of this philosophy have come to the realisation that the RE portion, the retire early portion that is, is probably misguided. The financial independent piece though, the first half of the acronym is a valid pursuit, and that's certainly something that aligns well with us here at Financial Autonomy.
The bulk of the people we work with are in their 40s and 50s, and so that's why this week I thought I'd share with you the key strategy elements we use to help people like you achieve financial independence. I hope you find it useful.
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