If you want to achieve financial independence in a relatively short amount of time, one of the most important numbers you should pay attention to is your savings rate. Your savings rate for financial independence is what percentage of your income goes towards increasing your net worth. More importantly, it is usually your "investment rate" or how much goes towards investments that support your early retirement. There is a mathematical "sweet spot" for how much you should save for F.I.R.E based on the marginal value of each percentage saved.
You gotta know how to correctly calculate your savings rate! Luckily I have just the video for you!
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All Of My Favorite Financial Resources:
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How I Track My Personal Finances:
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Investment Platform That I Use:
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My Favorite Calculator For Financial Independence:
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Software I Use To File My Taxes:
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Products I Buy To Save Money:
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Get Personalized Consulting From Me:
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#SavingsRate #FIRESavingsRate #SavingForRetirement
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