You work until your 65 (maybe 70 depending on the new government budget, but more on that later), retire on your superannuation savings or the age pension. Join the golf club or become a grey nomad.
Go on a cruise once a year if you have saved enough and live out your days quietly.
But who wants to work until they are 65 if they don't have to?
There must be another way.
There is a way. A way to be free to live a fulfilling life without having to work for a living into your old age.
Finacial independence is about having enough wealth to live without having to rely on
employment income. It is about having enough assets to generate income that is
greater than your expenses whilst allowing your nest egg to grow to account for
There are two sides to the equation - increasing income (and assets) and reducing expenses.
Generally people focus on increasing their income, which allows them to increase their expenses. However to reach financial independence most people need to focus on reducing their expenses to maximise their income.
I am going to show you how I have reduced my expenses without compromising, (arguably even increasing) my lifestyle.