Fiology Lesson 1


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 lessons, a foundation of knowledge will be offered that will provide the “how” to reach FI.  It is important to determine what FI means to you.  If we understand the objective, we will better maintain focus during our dynamic journey.

Read:  What does Financial Independence Really mean? By Trent Hamm

Read:  3 Ways to Define Financial Independence By Retire by 40

Watch:  Financial Independence – meaning, definition, explanation on YouTube

Take Action:  Google the term “Financial Independence” and explore some sites that look appealing to you.  Note the many different definitions and explanations.

As this is the first Fiology lesson, we encourage you to join and interact with others who are on the Financial Independence journey or have achieved Financial Independence.  We believe you will find this a positive and generous community that provides motivation along our FI journey.

There are hundreds of Facebook forums regarding finances.  The most positive, relevant, and useful page we can recommend is the ChooseFI – Experiments in Financial Independence Facebook Group.  Request to join and I think you’ll find it extremely helpful.

Write the answer to “What does Financial Independence mean to me?” Keep it in a place where you will see it often – perhaps in your wallet or purse or on a dry erase board in your kitchen.  Your definition will change over time. This will serve as a reminder that there is an objective we are working towards.

Additional Resources:

Read:  What Early Retirement Means When You’re Too Young To Retire by Jacob

Quote:  “Education is the key to unlock the golden door of freedom.” – George Washington Carver


  1. Great choice to include Trent Hamm’s article. I really enjoy his writing; he goes into depth about concepts and teases them out in a calm, measured way that’s very easy to read.

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.