Set for Life: An All-Out Approach to Early Financial Freedom

Much like frugality, increased earning potential must be pursued by dissecting one’s resources and ruthlessly cutting out the fat.

Few can save significant portions of their earned income when 30 percent or more of their salary goes to their mortgage payment. These people will have large monthly upkeep expenses and a shorter financial runway thanks to their “lovely” homes. Don’t do this to yourself. Wait until you are well on your way or have arrived at early financial freedom

Those who fail to house hack are missing out on perhaps the most powerful wealth-building tool available to ordinary Americans.

Living in a cheap apartment convenient to your workplace is the most important thing you can do to start saving money. No other single change will have a bigger impact on your spending,

Benefits are nothing, nothing, in comparison to the opportunity to scale and to bet on yourself. Benefits are one piece of the puzzle when selecting a job. Understand their purpose. Their purpose is to attract you to the job and keep you satisfied enough to stay as long as you are needed.

If you have made the decision to move away from a dead-end career and into a profession that offers a real chance at upside in the short-to-medium term, now comes the fun part. You are now entering a world where results matter, not just showing up and doing what you are told.

Those who fail to house hack are missing out on perhaps the most powerful wealth-building tool available to ordinary Americans.

The threshold to be in the top 1 percent was about $600,000 per year, according to a SmartAsset study in 2022.18

Play a game with your career that offers the possibility of a win for you. Just be ready (mentally and financially) to accept that with a chance to win, you may also have a chance to lose—earning little to nothing despite your best efforts.

Pursue opportunity, not stability.