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

Travel rewards programs often involve signing up for a new credit card and spending above a certain threshold to obtain tens of thousands of credit card or airline points. While it’s never a good idea to spend frivolously to obtain credit card signing bonuses, timing spending that will occur anyway with new credit card promotions can be an effectiv

Middle-class America has built most of its wealth in retirement accounts and home equity simply because the decision to contribute is automatic and long term. Every paycheck, millions of Americans contribute a small amount to a 401(k) or retirement account. Every month, millions of Americans pay a small amount toward a large mortgage. This happens

Assuming you live in the property for more than two years, when you sell the property, much of the capital gains are tax-free. (This benefit excludes the portion of the property that is treated as a rental.) This

Choose wisely and pursue one of the many professions that offers a chance for freelance work, large income, and other opportunities.

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.

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

Pursue opportunity, not stability.

Financial freedom is achieved when cash flow that requires no work (or minimal active work) safely and consistently surpasses total lifestyle expenses.

Income is usually (but not always) based on the productivity of the earner. Income can be taken away; income can come and go. Wealth, on the other hand, is a function of knowledge and time. Wealth in the right hands is much harder to lose, and in many cases, increases forever.