Fiology Lesson 4


The Milestones of Financial Independence are checkpoints along our FI journey that represent significant accomplishments.  They allow us to acknowledge our successes of the past and look forward to our next achievements.  The Milestones of FI make it clear that FI itself isn’t a specific number in your bank account.  In addition to getting closer to achieving Financial Independence, milestones represent growth, accomplishment, and maturity of perspective.  The resources in this lesson describe three ways of establishing your own milestones.  Joel’s is likely the most popular among the FI community as of this writing but there is value in exploring other frameworks.

Read:  The Milestones of FI  by Joel of

Read:  The Stages of Financial Freedom: The Road To Financial Independence  by JD Roth of

Listen:  The Milestones of FI Podcast  by Joel as featured on

Take Action:  After reading and listening to the resources above, select the achievement framework that resonates with you the most.  Use the number that represents the amount of value you have chosen as your goal to reach FI, determined in How Much Money Do I Need To FI? and discover when you can expect to reach each milestone or checkpoint.  You can sketch it out, graph it in excel, or type it in narrative form. Post it somewhere you will regularly see it as it will provide you motivation to reach the next milestone.

Here is a great example:  The Stages of FI  by Wright E. Tiedee

Think of how you are going to celebrate achieving each milestone.  Who will you share this experience with?  Do you know someone, or have met someone since beginning this course, with which you can share your results?  

Quote:  “Happiness is not in the mere possession of money; it lies in the joy of achievement, in the thrill of creative effort.” – Franklin D. Roosevelt


Leave a Comment

Disclaimer uses content created by other sites to convey information. does not receive financial compensation from any referred site. Other sites are used to provide unique content on a particular topic of interest. The use of these sites does not indicate an endorsement of any products or resources they may promote. The owner of this site is not an accountant, financial advisor, CFP, or fiduciary and is not liable for any losses incurred from the use of the free information provided on this site or from the use of information found on linked sites. Please understand that while the information found on this site is intended to be useful, each individual person has unique circumstances that should be considered when developing and executing their personal financial plan. Each individual is ultimately responsible for managing their own finances. Please read the privacy policy for additional details.