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THE FOUNDATION OF FINANCIAL INDEPENDENCE

LESSON 0 : WHAT IS FIOLOGY?

Fiology answers the question: “What do I need to know in order to plan for and achieve Financial Independence?” Financial Independence: The term “Financial Independence” returns 175,000,000 results when Googled.  There are thousands of sites...

LESSON 1 : WHAT DOES FINANCIAL INDEPENDENCE MEAN TO ME?

Financial Independence generally means having a net worth providing an amount of passive or near passive income that allows a person to no longer actively work for money if he or she chooses. In future...

LESSON 2 : WHY FI?

You now have your definition of Financial Independence and are intrigued enough to pursue FI - but why?  It is important to know the why because this journey can be long, challenging, and at times...

LESSON 3 : HOW MUCH DO I NEED?

The traditional investment advice of save 10-15% of your income until you are 65 and you’ll be able to do with your money and your time as you please just doesn’t cut it for those...

LESSON 4 : THE MILESTONES OF FI

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...

LESSON 5 : THE BIG THREE : HOUSING, TRANSPORTATION, AND FOOD

The more money we have after paying our expenses, the more we can invest.  Depending on our circumstances, we may not be able to make an immediate change that significantly impacts our income generation.  But,...

LESSON 6 : THE MIRACLE OF COMPOUND INTEREST

Compound Interest has been referred to as the 8th Wonder of the World.  If Einstein actually said that is debatable but what isn't up for debate is the ridiculous phenomenon of Compound Interest.  Sure, we’ve...

LESSON 7 : WHERE DOES MY MONEY GO?

The first step in developing a budget is tracking your spending.  But then what?  We then need to accept where our money was going and reroute it to where we know it will make a...