Is "Financial Independence" the new "Retirement?"

Discuss all general (i.e. non-personal) investing questions and issues, investing news, and theory.
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Re: Is "Financial Independence" the new "Retirement?"

Post by tyler_cracker » Sat Feb 14, 2015 11:43 am

FelixTheCat wrote:I doubt many millennial's are jumping on the savings bandwagon.
Millennials (with jobs) are super-saving their retirement

2014 Wells Fargo Millennial Study

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Re: Is "Financial Independence" the new "Retirement?"

Post by mlebuf » Sat Feb 14, 2015 7:40 pm

ShiftF5 wrote:
mlebuf wrote:
ShiftF5 wrote:
The Wizard wrote:Critical Mass = Financial Independence...
= Options to spend your days any way you please.

Isn't that the end game?
Yes. That's the way I've always looked at it. It's not about the money. It's the freedom of having complete control of your time.
Michael -- your excellent book "The Millionaire in You" introduced me to The Time and Wealth Grid and that notion has dramatically impacted my thinking, planning and life.

Thank you, sir.

Hi ShiftF5,

Thank you for such kind words and I'm glad the book had a positive impact on your life. The plan was for that to be my last book. I just tried to tell people under 40 the gospel truth, as I perceived it about how to reach financial freedom. I came out of retirement briefly after that to coauthor the first Boglehead book. Since then I've been true to my plan. When people ask me, "What's it like to be an an author?" I reply, "Oh, how I love to have written."
Best wishes, | Michael | | Invest your time actively and your money passively.

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Re: Is "Financial Independence" the new "Retirement?"

Post by bowtie » Sat Feb 14, 2015 7:48 pm

Michael, your book sounds interesting. Thanks posters for mentioning it.

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