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If it was easy, everyone would do this. I have to constantly remind myself that it's a marathon and not a sprint when it comes to my current financial literacy journey.

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When sharing a journey like the one I am on and everything that I am learning it is very easy for it to seem like these money management tools are being used flawlessly. After KYP023 Managing your money, a lot of listeners messaged and described how they struggled with being consistent on budgeting and recording all expenses on a monthly basis. Spoiler Alert! There's a confession in this episode. Ultimately the goal is not to give up.

I also recently got acquainted with FI/RE - Financial independence/ Retire Early.

Financial independence refers to a state where your income is enough to cover your annual expenses for the rest of your life without the need to work or get assistance ever again. This is a sweet feeling and getting there is pretty cool. Retire Early is simple...if you can stop working before retirement age in your country (65 here). I really wanted to retire by 35, but I met a crushing reality as I started FI/RE when a calculator told me that with my current savings rate I will be working for the next 25 years.

This article by Mr Money Moustache is one of the best places to start when you do FI/RE and it comes with a few options for an early retirement calculator that will help you see where you stand with regards to early retirement. I spoke about the options you have to reduce the time you will be working before you can retire:

1. Increase your income

2. Reduce your Spending/ Increasing your savings

3. Increase your Return on investment

Let's acknowledge the difficulty of chasing FI/RE. The KYP community is available and together we can continuously improve and help each other be accountable in keeping the fight. #KaizenYOU

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As always remember to continuously improve yourself #kaizenYOU

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