20 | Are You FI-Curious? 5 Different Levels of Financial Independence

Are you FI-Curious? Maybe you've heard about the FIRE movement and want to learn more about it and if it's for you?

 

In this episode we explain and discuss the 5 Levels of Financial Independence. Detailing the differences between each one, plus how you can start working toward them.

 

We also discuss the importance of integrating Life Design into your financial strategy. Explaining how your present and future lifestyle should be a primary focus when you’re deciding which level of Financial Independence you want to work toward. 

 

Stay tuned til the end where we share about our personal journey to Financial Independence!

 

TIMEMARKS:

Are you FI-Curious? 2:18  

What is Financial Independence? 4:19

5 Different Levels of FIRE - 5:07

Coast FIRE - 5:41

Barista FIRE - 8:42

Lean FIRE - 12:55

FIRE and Life Design -16:21

Traditional FIRE - 18:41

FAT FIRE - 21:52

Our Journey to Financial Independence - 24:46

 

RESOURCES

0% Capital Gains Tax for Married Couples

 

DID YOU FIND THIS TIP USEFUL?

📸 Share this episode and tag us on Instagram @radcoaches

 

CONNECT WITH US!

💵 Book your FREE Financial Strategy Session

💰 Take the FREE Course for Couples Building Wealth in 2024

❓Ask radcoaches - submit your question here

 

*This information is meant to educate and does not replace tax or investment advice. We suggest you continue to research for yourself and continue learning, so that you may decide what is best for you. We strongly recommend that you consult with a financial advisor/planner or tax professional to assist you in understanding all investment and/or tax implications.