Fiology: The Study of Financial Independence (FI)

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Fiology Lesson 5: The Big Three


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, if we take a critical look at how we trade our current income for housing, transportation, and food, we can likely redirect a portion of that spending towards our FI goals. As a result of the additional investment, we may reach Financial Independence sooner than expected.

Read:  To Reduce Expenses, Focus On The Big 3  from

Read:  Why You Should Buy Less House Than You Can Afford  by Holly Johnson from

Read:  How Much Money Can You Save by NOT Eating Out?  by Kevin Mercadante from

Watch:  Cutting Car and Transportation Costs  by Limor Markman of Financially Fabulous on YouTube

Take Action:  Consider your own personal situation, including commute to work, the type of home in which you currently reside, and your dining habits. Debate and/or discuss if they are currently in line with how you want your life to be designed. Consider practical changes that can be made to align your habits with your Financial Independence journey.

Think back on your dining experiences. How many of them would you classify as not worth the time and money you spent? Think about what percentage that is of your total dining out experiences and consider how this awareness can have a positive impact on your wallet, health, and overall happiness.

Additional Resources:

Read:  How I Escaped the Car Clown Habit  from

Read:  Your 3 Biggest Household Expenses and Why You Should Focus Your Travel Savings on Them  from

Quote:  “If you are going to achieve excellence in big things, you develop the habit in little matters.  Excellence is not an exception, it is a prevailing attitude.” – Colin Powell is an educational resource designed to teach Financial Independence (FI). We scoured the internet to find content from the best and brightest of the FI community and created lessons covering the critical concepts.

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  1. I definitely agree! This is kind of along the same line as “fail small, not large“. Get the big things – namely the mortgage (if you even should buy) and cars right and that alone could be over $100k in savings that could be invested for you.


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