WHAT DOES IT MEAN TO BE FINANCIALLY INDEPENDENT? People often debate what it really means to be financially independent. Some think it means being so rich that you never have to work again. Personally, I don’t believe that. For me, financial independence means having enough money so my investments generate enough income to live comfortably. […]
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Yesterday, we discussed how much money you need to achieve financial independence. For me, that breaks down to $50,000 to buy a house, $30,000 for a 30-month emergency fund, and a source of passive income generating at least $1,000 per month for living expenses. While I’m working on growing that $80,000 savings account for financial […]
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Good morning! I’m Dee, a personal finance enthusiast and blogger dedicated to living a frugal lifestyle, eliminating debt, and creating multiple income streams. My goal is to inspire others to achieve their financial goals by sharing my journey on my blog, Color Me Frugal. Our path to financial independence began in 2010. We had always […]
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There’s an interesting series on Esquire that interviews people at different income levels. After focusing on men, they have now spoken to four women who earn $1,000,000, $350,000, $80,000 per year, and $650 per week (just above the poverty line). Here’s what caught my attention: $1,000,000 Per Year Woman, 34 Years Old: – She has […]
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In August, I’ll be kicking off a new series that I hope you’ll enjoy. Over 30 days, I’ll break down different ways to achieve financial independence, one method each day. We’ll cover the basics, such as how to save money and start a fund for your future financially independent life, and we’ll also crunch some […]
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I really love New York. Apart from Paris, it’s probably my favorite city in the world. My mom took me there to visit family when I was 15, and I guess you never forget your first love – well, New York was my first travel crush and it’s still special to me. Recently, an article […]
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