Uploaded August 2021 | Updated September 2026, 2 hours ago
This video is a guide to achieving financial freedom, step by step. These are simple steps but not easy to achieve. Saving isn't enough, understand the importance of investing and build wealth over time through consistency.
To calculate your own FI number, add up all your expenses for the year and then multiply that number by 25(30 if you want to be more conservative). e.g. if you spend $40,000 per year, you would need 40,000x25 = $100,000,0(One million) to retire or have work become optional. It is so important to understand this number as it can dictate how you negotiate your salary, pay and business deals. This number is also helpful to understand when to stop the hustle.
Here is the NerdWallet compound interest calculator- nerdwallet.com/banking/calculator/compound-interest-calculator
Hope you found this video helpful and shoot for the stars, good luck!
My gear:
Camera: Sony a6400 - amzn.to/2UIUQyg
Lens: Sigm 16mm 1.4f - amzn.to/3hXcEho
Microphone: Rode Video Pro - amzn.to/3yDIp5M
Note- all this information is to provoke thoughts and to entertain. I am not a finance professional or a guru. Talk to a fee only fiduciary advisor to understand your financial picture in detail.
This video is a guide to achieving financial freedom, step by step. These are simple steps but not easy to achieve. Saving isn't enough, understand the importance of investing and build wealth over time through consistency.
To calculate your own FI number, add up all your expenses for the year and then multiply that number by 25(30 if you want to be more conservative). e.g. if you spend $40,000 per year, you would need 40,000x25 = $100,000,0(One million) to retire or have work become optional. It is so important to understand this number as it can dictate how you negotiate your salary, pay and business deals. This number is also helpful to understand when to stop the hustle.
Here is the NerdWallet compound interest calculator- nerdwallet.com/banking/calculator/compound-interest-calculator
Hope you found this video helpful and shoot for the stars, good luck!
My gear:
Camera: Sony a6400 - amzn.to/2UIUQyg
Lens: Sigm 16mm 1.4f - amzn.to/3hXcEho
Microphone: Rode Video Pro - amzn.to/3yDIp5M
Note- all this information is to provoke thoughts and to entertain. I am not a finance professional or a guru. Talk to a fee only fiduciary advisor to understand your financial picture in detail.
