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AND the lower your expenses, the lower your 25x* expenses number is, so the less you need to save to be financially independent. * If you are going by the 4% r
by the_gastropod 10y ago
AND the lower your expenses, the lower your 25x* expenses number is, so the less you need to save to be financially independent.
* If you are going by the 4% rule http://www.investopedia.com/terms/f/four-percent-rule.asp http://www.investopedia.com/terms/f/four-percent-rule.asp
- adviceadam 10y agoIf you're interested in being financially independent, I would take a look at the following article: https://earlyretirementnow.com/2016/12/07/the-ultimate-guide-to-safe-withdrawal-rates-part-1-intro/ https://earlyretirementnow.com/2016/12/07/the-ultimate-guide... They look at the 4% rule, what it's based on, and see if it's actually valuable for those looking into early retirement.