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Various ways to reach financial independence. I read many fire financial independence retire early sites and amazed by the various ways, people have achieved financial independence, especially those in their thirties and forties. There are two ends of the spectrum based on how much income is needed to cover F. I. Expenses. Some people only need thirty K.. A year to cover expenses while others need one hundred K.. These two are illustrated by what is most common based on my reading versus my. My specific situation, the most common path is as follows high income while working low expenses, savings rate of fifty percent or more invest in index funds, real estate and or dividend stocks reach financial independence with an annual expense number of thirty K. or less at a relatively young age most include withdrawing four percent of assets to cover expenses so depending on how you define financial independence, you may or may not call this financial independence. My Path. High income while working. It's no secret that I had a successful career during my working years. Moderate expenses. We were semi frugal, but certainly not misers savings rate of thirty percent I haven't run the numbers, but this has to be close invested in index funds initially and then real estate and reached financial independence with an annual expense number of ninety seven K. at an early retirement age early fifties. There are people above and below these numbers, but this range probably covers at least ninety percent of those who reached financial independence I know some ESI money readers who will have over ninety seven K. and income when they retire, and there are all sorts of combinations to reach financial independence like average income, very low expenses very low financial independence income needed high income very low expenses very low financial independence income needed..

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