Financial Independence Numbers
Do you know how much you need for retirement?
A financial independence number (FIN) is the total amount of money someone needs to live the exact life they are currently living in retirement without working. You can get that number by doing a financial needs analysis (FNA) which is just a breakdown of your finances/expenses etc.
I follow multiple pages on skool to continuously learn so I can better prepare myself, friends, family, etc on our financial journey. One deficiency I have noticed, is that people have not heard of this even with having a financial advisor. I just want to put this out there so people can start asking these questions!
From my experience, once I found out what mine was, it brought me relief. Because it allowed me to set goals, budget, and spend wisely because I had the end goal in sight.
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Brigit Kiel
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Financial Independence Numbers
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