How To Find Your Financial Freedom Number | financial freedom number calculator

Take the total monthly costs above, multiply by 12 to get your annual income need, and then take the total from these categories and add it to the number you ...HowToFindYourFinancialFreedomNumberLastweek,wewentintotherealreasonwhyyoushouldbebuildingwealth.OneofthethingsIcoveredwastheimportanceoffindingyourfinancialfreedomnumber.Inthispost,we’regoingtodiveintothespecificsofhowyoucanfindyourfreedomnumber,andafewothersthatIthinkyou’llfindinteresting.Keepinmindthattherealgoalisnotthemoney,butthefreedomandcontrolitgivesyoutolivethelifestyleyoudesire.WHATISYOURFINANCIALFREEDOMNUMBER?YourFinancialFreedomnumberistheamountofpassiveincomeneededinordertopayforyourdailylivingexpenses.It’stheamountofincomerequiredfromyoursavingsandinvestmentsthatwouldallowyoutoquityourjobandnolongerwork.Thatdoesn’tmeanyouhavetoquityourjob,butitgivesyouthefreedomandcontroltodosoifdesired.Italsogivesyoutheconfidencetomakedecisionsbasedonyourownpassionsanddesires.Thinkaboutit:ifyouenjoyworkingatyourofficejob,great.Goodforyou!Butwhatifacompanybuysoutyourfirmandreplacesmanagementwithpeopleyoudon’tgetalongwith?Ifyoudon’thavefinancialfreedom,thereislittleyoucandoaboutit,besidesapplyingforotherjobsanddealingwiththeunpleasantworkplaceuntilyougetanewone.Byhavingfinancialfreedom,youaren’tforcedtomakechoicessolelybasedonmoney,whichwillallowyoutofocusonyourhappinessandenjoyment.Itmakesitsoyouarenever“stuck”doingsomethingyoudon’twanttodo.Thegreatthingaboutthisexerciseisthatit’snotjustonenumberyoucanstrivetoward.Youcanlookatitaslevelsoffinancialsuccessyoucanobtainalongthepathtowardfinancialfreedom.LEVELSOFFINANCIALSUCCESSIfyousearcharoundonline,you’llfindmanytheoriesonwhatshouldbecalculatedintoyourfinancialfreedomnumberandhowyoushouldgoaboutobtainingit.Inallofmysearching,theframeworkI’vefoundthatIlikebestisbyamanyoumayhaveheardof–TonyRobbins.I’mabigTonyRobbinsfanandappreciatehiswork.Inhisbook“Money:MasterTheGame“,Tonydiscussesalotoftopics.Ihighlyrecommendthebook,althoughit’sabitofanundertakingatover600pagesin


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