bank notes are raining down. In the middle of the header are several piles of coins

Financial Independence

Financial independence (or FI for short) means that you can live off the positive cashflow from your savings and your investments for the rest of your life. In other words, you don't have to work for a living anymore. Like the idea? Me too! It's my second favourite project.
You might also have heard the term FIRE (Financial Independence Retire Early) but since I think I'll write and create for the rest of my life, I doubt I'll ever fully retire. So FI it is.

Learning about finance is like learning a new language plus a ton of other skills (see below). I take it step by step, word by word and skill by skill, always following my interests. It's great to be a scanner.

If you're interested in the topic and want a few recommendations, check out the list of resources.

a woman's hand holds up a tiny tree. Bank notes grow out of the tree.

I practiced:

  • shifting my mindset
  • a long-term view of life and work
  • looking up new vocabulary
  • listening to podcasts
  • searching for teachers who are right for me
a drawing of an open money bag. Coins are toppling out.

I learned:

  • financial literacy is an achievable skill
  • about the power of compounding
  • how to invest in low-cost index ETF funds
  • saving is fun
  • I want to run my own business
  • no, you cannot learn accounting from a Udemy course but taking the course was still eye-opening.
  • success in money matters depends on the right mindset and how well you manage your emotions.
  • there are two types of jobs. Type 1: you exchange your time for money and your earning potential is limited. Type 2: you exchange a service or product for money, which are scalable and can be turned into passive income streams.
  • I want type 2 jobs.