Our Top 8 Principles for Reaching Financial Independence

Life Unhindered

In this episode we talk about the 8 principles that have turbocharged our journey towards financial independence. While we do get into specific tactics, we focus more on universal principles that anyone can apply to any situation. Show Notes: Principles (consolidated and reordered list) 1. Be intentional and aggressively experiment -- reconsider/challenge everything (e.g. savings rate, retirement age, what you “need” to be happy) 2. Start with the end in mind -- Write out your day/life as if you were FI today (how much of your post-FI life can you have today?) 3. Save more than you spend -- Work up to saving the majority of your income (e.g. 51%+) 4. Data > Gut feelings -- Data driven budgets; Algorithmic portfolio management; take the emotion out of it 5. Learn to be happy with what you have 6. Find free fun and entertaining 7. Change your mindset -- make > buy; repair > discard 8. Diversify -- Asset classes; income streams; skill sets; identity Links Mentioned - Wealthfront -Use our Wealthfront promo code and get $15,000 managed for free! - http://wlth.fr/1jGfkQY - Reducing our cell phone to $20-30/month -https://youtu.be/cNLwkrmh9mE & https://youtu.be/aydUYmHAxIU Use our Ting Promo code and get a $25 credit! - https://zlq0j5711gm.ting.com/ - [Book] The Life-Changing Magic of Tidying Up: The Japanese Art of Decluttering and Organizing -https://amzn.to/2Ikpgw3 Some of our other links: - Website: www.lifeunhindered.us - Twitter: https://twitter.com/_lifeunhindered Facebook: https://www.facebook.com/lifeunhinderedus/ - Our Youtube Channel: https://www.youtube.com/channel/UCYChaxUPuMqqxqoVe_dMmOw?view_as=subscriber