So, What's Your Financial Independence (FI) Number?

How much do you really need to achieve financial independence? We decode the math used to calculate our FI numbers, talk about the different flavors of FIRE and you'll learn where our FI numbers fall on the FIRE spectrum. All finance is personal but it's difficult not to compare your financial situation to those around you. The pragmatics of calculating your FI number are easier to comprehend and address than the psychological ones and this episode touches on those too. And, the closer you get to financial independence the more these conversations impact your day-to-day life. See below for key resources mentioned in the episode to help you establish and chart your own FIRE path.

Timestamps:
00:00 Is my plan too risky?
02:18 It all boils down to how much you want to spend
04:30 The math of FIRE and different FIRE variations
07:58 What are our FIRE numbers?
11:12 Determining your target lifestyle enables you to set your number
16:11 Accounting for unknowns and uncertainty in your budget
23:13 Testing your plan for likelihood of success is essential!
26:23 Doubting the math and questioning yourself is normal
28:52 Talking about your FIRE number is difficult
32:36 Resources and tools discussed in this episode

**Tools, resources + information: http://twosidesoffi.com
**Our podcast: https://twosidesoffi.com/podcast/

**Jason’s FI Blog: https://thenextphaseisnow.com/
**Eric’s business: 30X40 Design Workshop: http://thirtybyforty.com
**Eric’s YouTube Channel: http://thirtybyforty.com/youtube

#twosidesoffi #financialindependence #firemovement