While my experience with anxiety was very challenging, it taught me some important lessons about putting myself first. A key financial concept known as F-You Money gave me the confidence to move forward in a way that prioritized my health and happiness. I’ve also had more recent realizations about F-You money. I originally thought that the sole purpose of F-You Money was to be able to get yourself out of a bad situation. After becoming an entrepreneur, I see that it can also allow you to take advantage of an opportunity.
You deserve to get paid a fair (and hopefully high) wage for the work that you do. As a former HR professional, I’ve often been on the employer side of salary negotiations. Here’s what I’ve learned about successful salary negotiation.
There are so many different “flavors” of FIRE (Financial Independence and/or Retire Early) that it can be hard to keep track. But, I actually love that there are so many different approaches to pursuing FI. Why? Because I know that one singular path won’t resonate with everyone.
Savings rate has been one of the most influential financial concepts for us. In the past 5 years, we’ve more than doubled our savings rate. This has given us more freedom and confidence as we shift our long-term plans.
Saving more money isn’t just about expediting your journey to FI, but enhancing it. It can provide you the opportunity to buy more freedom now by designing your life. Focusing on the big three expense categories can help you accomplish that without going too far to the extreme.
Chris has a very unique story. According to the numbers, he actually achieved FI (25x his annual expenses) in 2015. However, financial independence wasn’t yet part of his vocabulary, and he didn’t realize what was possible. As you’ll see in this Slow FI interview, Chris refers to a moment when he “claimed his financial independence.” This was when he realized that he could start making decisions differently.