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There is a difference between wealthy and financially independent. FI is have about 20 times or more your annual exenses saved up. Except for deep recessions yo
by peter303 13y ago
There is a difference between wealthy and financially independent. FI is have about 20 times or more your annual exenses saved up. Except for deep recessions you could live off an income stream from that. If you got a good job and are frugal you might reach that stage in a decade as I did. faster if you start a successful business.
Wealthy means few constraints on lifestyle. travel where you. Buy most of the stuff you want.