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.