I had this question several years ago during my investment journey and read and discussed a lot about this topic to find some answers along the way. You can read about different opinions and numbers in books, social media, from other investors, and on forums about people saying you need $1mil, $3mil, $5mil, or $10mil+? There is no common ground.
Thanks for your article. Hopefully, some day I'll became financially independent.
I'd add an extra point: location. It's not the same to live in a big city in Canada or in a small town in Spain (that's my case hehe). I guess, the ratio income/expense is higher in the latter place, though, I'm not sure.
Thanks for your article. Hopefully, some day I'll became financially independent.
I'd add an extra point: location. It's not the same to live in a big city in Canada or in a small town in Spain (that's my case hehe). I guess, the ratio income/expense is higher in the latter place, though, I'm not sure.