What Are the Milestones of Financial Independence?

This is the header graphic for the Fiology Lesson that discusses the milestones of financial independence. The photo displays a group of people with their hands raised in victory for reaching their goal.

The Milestones of Financial Independence (FI) 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 … Read more

How Much Money Do I Need to Be Financially Independent?

This is the lesson image for Fiology Lesson 3 How much money do I need to be financially independent? It displays a woman placing coins in a pink piggy bank.

Discussion: 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 of us who want more out of the brief time we have here on Earth.  We strive to achieve Financial Independence so that we can control what we do with our time as much as practically possible.  Once we determine Financial Independence is the right journey for us, we need to determine the amount of assets needed to provide income for expenses during the Financial Independent phase of our lives.

Your Why of Financial Independence

This is the lesson header image for the Fiology lesson that helps you determine why you want to pursue Financial Independence.

Discussion:  You understand the definition of Financial Independence.  You are intrigued enough to pursue FI, but why?  It is important to know the why because this journey can be long, challenging, at times boring, and daunting.  The “why” will be needed to help you maintain your motivation?  It will also help you justify your journey when others take notice or are interested in beginning their FI journey.

What Does Financial Independence Mean?

What Does Financial Independence Mean to Me?

Discussion: 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 and that will provide some of 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.

Free Financial Independence Course

Fiology is a Free Financial Independence Course that answers the question: “What do I need to know in order to plan for and achieve Financial Independence?” Yes, it is completely free. Financial Independence: The term “Financial Independence” returns 175,000,000 results when Googled. There are thousands of sites providing quality information promoting Financial Independence (FI).  This … Read more

The Fiology Workbook: Your Guide to FI

The Fiology Workbook: Your Guide to Financial Independence

Your Guide to Financial Independence Fiology is a free online resource for anyone looking to understand their finances, take action, and become Financially Independent. In addition to the mechanics of saving and investing, the course addresses the issues of happiness, mindset, decision-making, dreaming big, and philosophy. You can get the free weekly lessons simply by … Read more