Over half of Americans claim they're nowhere near achieving their definition of financial freedom, with 36% saying they have less than $1,000 in their savings accounts.
Yeah, owning your home free and clear can really lower the bar needed to hit that financial freedom level. I did the math before for myself and it would be about $2m, but I don’t think I’d feel comfortable actually quitting my job at that level, so would likely say $5m to be safe. Everyone will be different of course, depending on the lifestyle they’re looking to live.
Yeah, owning your home free and clear can really lower the bar needed to hit that financial freedom level. I did the math before for myself and it would be about $2m, but I don’t think I’d feel comfortable actually quitting my job at that level, so would likely say $5m to be safe. Everyone will be different of course, depending on the lifestyle they’re looking to live.