This post is inspired by Paula Pant and Joshua Sheats who discuss this concept in detail on Paula's excellent podcast - Afford Anything. Josh is a host of a popular podcast - Radical Personal Finance. I highly recommend that you take a look at both of these guys. The following are the stages of financial independence:
Thanks for reading and please let me know, which one of these stages you see yourself in ten or twenty years. Which one is your goal?!
Below a couple of links to books related to the subject, which I read or they're on my to-buy list:
Great book on getting out of debt and control of personal finances by Pete Matthew with the long title of - The Meaningful Money Handbook: Everything you need to KNOW and everything you need to DO to secure your financial future
One of the books I read in less than 24 hours - The Simple Path to Wealth: Your road map to financial independence and a rich, free life by a personal finance guru J.L Collins. An excellent book on the subject on personal finance. Section of the books only relates to the situation in America, but even with that, it is well worth reading in the UK as contains some great lessons.
The above links are going to take you to the amazon product page. If you decide to buy through those links I will be paid. Any income I make on those sales will go towards keeping this blog online and building community.
My name is Witold, but I call myself a frugal alien on this blog. Why? Because I feel like one when talking to people about personal finance. I write about financial independence and ideas surrounding it whilst embarking on that journey with my wife.
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