Announce your financial independence

Ahh … I love independence date! This is my favorite annual holiday. Wife RB40 and our son love Christmas, but 4^th July the best way. The weather is complete in Portland at this time of year and can remove the whole house.

I think I don’t have the same attachments to Christmas as many people. Christmas feels for sale now. Everything about spending money, and cold and wet. I can’t BBQ with that kind of weather! The date of independence and time to celebrate my financial independence. I have been submitted to my 2 weeks notice after 4 July on the 2012 weekend. That was one of the best moments of my life.

2025 It’s been a hard year for us. The economy is full of uncertainty, but the stock market is just beating up new. It’s amazing. We try to stay frugal because Mrs RB440 is retiring this year. Unfortunately, my active money also disappears quickly. We will have to withdraw from our salvation before you have been before. However, our saving has grown too much since my retirement in 2012. We should be well. Recently, our relevant number reached the top and the stock market. This gave me confidence that the fire works as planned. Financial independence is the best. I can work on whatever I want, whenever I want. What is waiting for? Announce your Date of financial independence And live your life your way.

Announce your financial independence

What does it mean to announce your financial independence date? Simply, it means that he intends to be financially.

Financial independence (FI) is the idea of many who wish, but only few. FI is difficult because it can only be found on onboutation and endurance. It is a simple idea, but the execution may take years. Here are 3 important steps to financial independence (a few deeper in this link).

1. Track Your Money – Most people have not known their paychecks. The money flows into their hands like water. The first step toward access to independence of financial independence is to reduce unnecessary costs. This can be done by tracking your spending carefully and removing costs that do not add to your life. The goal is to Spend less money from doing. Do this regularly and your finances will improve gradually. After managing spending, you need to increase your income. That is an important step too. The fire trip will be too easy if you have good money.
2. Keep and invest in money as possible – The next step is to save and invest as possible. You need to take step 1 to the next level. You need to spend little by little rather do. This will determine how you can immediately access Fi Fi. If you keep 10% of your income, it will take 50 years to fulfill FI FI, that is, a whole life. You can access the FI during the most reasonable time when you store 50% of your income. This does not mean that you have to live under the poverty line. Start at 10% and increase each year. Finally, you will arrive at 50%. It will be easy as your income grows.
3. Maintain – Effects Freedom is a long game. You need to save and invest in cash. The market can climb and down, but you need to continue adding to your investment. Finally, your income will pass your bills. That is financial independence. There are other ways to explain financial independence, but this is very safe. You will never end if your earnings include your life costs. It is better to build in a little line, of course. Your expenses will increase the surface.

Our financial independence

Now, I will share where we are on our FI trip. My goal was to generate enough income than our expenses in 2022. We made it last. Our baseless fees exceeds our annual expenses over the past few years. Good. This gave Mrsr4el5 confidence he needed to retire.

Automatically, on July 4^th It is a symbol on the calendar year. The best time to take stock and see if we tracked you. I do this by looking at our FI rate.

FI ratio = Income / Costs

Financial report

Our baseless money is done well over the past few years.

• In 2017 It was the first year our baseless income exceeded our use of money. It was fun.
• In 2018 It was a high year for us. We have used more than usual in the transit and also received a new HVAC. Fortunately, our income was also very good. We were really close to 99%.
• In 2019 It was a wonderful year of us. Our baseless income diminished a little, but the use of our finances dropped. This was due to a decline in our housing costs. We moved to the dumplex and we could share many costs of our houses and an employer.
• 2020 It worked well for us. Our memorable money was lower than in previous years, but our Year cost was very low. FI ratio was 120%.
• 2021 It was a wonderful year. We spent too long because we stuck at home. FI ratio was 140%.
• 2022 It was another big year for us. One of our final projects and storage areas were completed and received a great pay. We had spent a lot of money on the go, but it worked. We had fun and our annual expenses were not wrong. FI Ratio was 146%, high.
• 2023 He was strong, but we found a line.
• 2024 It was good.
• 2025 It seems so good to sign the age. However, we have major debts to come. The RB40JR processing process of RB40JR has been rejected, and the bill will be about six figures. We will have to work with the hospital to get something out. We also fixed our kitchen. That will cost well again. Missing will be worse this year.

Let’s get past each line item in detail.

• Maintenance of Retail – Our investment does well. However, I’m hesitant to invest more at this time. It is probably better to wait until the interest rates are reduced. Overall, satisfied with Reimplundeng. It is more contrary than you are a landowner. You can read some information on my Real page Estaswang.
• Glad – Include two hiring units in 2019. Both were hired and the employers are large. I plan to sell when our son walks to college in 2029. Being a landlord is financially, but I want to go a lot. One unit was vacant 4 months. That is why we have wrong cash flow in this line. We should have hope for the end of the year.
• Funding – Titivendand currency target is $ 15,000 / year. I don’t want to invest a lot of money for earnings because we want to keep our Agi dropped with FAFSA.
• InterestWe are interested in our bank accounts.
• Accounts to retire– Our retirement accounts are widely cultivated by the low pratex Index.

You can Subscribe with Crowlystreet Through this link if you are interested in real estate estate. My experience with a crowdystreet was the largest so far, but your mileage may vary. They have few few projects now. Check yourself.

FI ratio

What about the FI rate? How do we do so far?

FI ratio = Income / Costs

2025 fi ratio = $ 26,786 / $ 35,240 = 131.6%

Our FI measure looks good so far in 2025. We never spend a lot of money. Fortunately, our fixed costs are low. You can learn more about how we reduce our great costs 3 here. Major debt will increase our expenses so I do not know what the FI rating looks at the end of the year. We will see how it goes.

Record and guess

Let’s look at our FI rating over the past few years.

• 2015: 54% ($ 28,415 / $ 53,037)
• In 2016: 71% ($ 38,222 / $ 54,000)
• 2017: 109% ($ 53,664 / $ 49,131)
• In 2018: 99% ($ 56,918 / $ 56,638)
• In 2019: 122% ($ 56,204 / $ 45,896)
• 2020: 120% ($ 48,200 / $ 40,030)
• 2021: 140% ($ 60,469 / $ 43,261)
• 2022: 146% ($ 82,086 / $ 54,607)
• 2023: 103% ($ 66,806 / $ 65,063)
• 2024: 121% ($ 63,086 / $ 76,523)
• 2025😕

Ok, what do you wait? Announce your financial independence date and find it! Financial independence can take a long time. As soon as you start at first you will get there. Don’t wait.

Do you keep track of your income costs? The estimate must improve annually if you want to reach financial freedom.

If you plan to track your earnings, think about enrolling the power to help manage your investment accounts. They are very useful and can I get all my income information from one site. It is much easier than entering all the reseller, bank, and a retirement account separately. It is a good help for DIY investors.

Enjoy a long weekend!

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Joe began Retirement by 40 In 2010 to find out how retirement can be retired early. After 16 years of investing and final, he gained financial independence and retired from 38.

The income is the key to retirement early. This year, Joe invests in real estate supplies by Crownrydteret. They have many projects throughout the USA so check it!

Joe highly recommends the personal money for DIY investors. They have many practical tools that will help you reach the balance.