Despite what conventional wisdom may lead you to believe, there are many paths to retirement. Most people follow the same two-phase path to retirement. Instead, the Slow FI approach can help you make small changes over time.
It is important to look beyond our actual salary to include other costs (monetary and time). Taking all of these things (such as commute time and costs, time spent detoxing, and convenience spending) into account allows us to calculate our true hourly wage.
Coast FI is the point at which you no longer need to save any money to have a comfortable traditional retirement. In this post, you’ll learn how to calculate your own Coast FI number and ways to use your financial freedom once you reach Coast FI.
In the latest Slow FI interview, we hear from Robert from Stop Ironing Shirts. Having reached FI, Robert shares his story to financial independence and why Coast FI would have been a better path. He spent precious years of his life working for money that he didn’t need. Learn more about Robert’s journey.
Transportation expenses are one of the big three expense categories. This means that there is a lot of potential for savings, and helping Americans better achieve their financial goals. This post outlines 3 strategies with the biggest potential impact for saving money on transportation expenses.
We haven’t taken a conventional path thus far on our journey to financial independence. In our 20s, we earned less money and made many sacrifices to ensure we could make ends meet. Here’s a look back at what we did in our first 10 years after college and how it helped us reach Coast FI.