So why 3000 days you may ask…..
3000 days was chosen for numerous reasons, all of these are explained below:
So how are we going to get there? Here are some rough goals for the years ahead
2018: Seriously reduce expenditure, develop a side hustle (side business) which creates a small second income, start saving 20 – 40% of our after tax earnings.
2019: Grow business, create a third income stream, possibly buy a cheap investment property, invest in dividend paying shares. Increase savings to 30 – 50% of our after tax earnings.
2020: Grow businesses, possibly buy a second investment property, continue to invest in dividend paying shares. Increase savings to 50% of our after tax earnings.
2021 – 2026: Repeat the above over and over again
As Robert Kiyosaki said in Rich Dad Poor Dad http://www.richdad.com/ - The wealthy buy Assets and the poor buy Liabilities. This will form the basis of our path to financial independence.
Some recommended reading/sources of information:
Rich Dad Poor Dad – get this from your local library
Mr Money Moustache – The best FI blog out there https://www.mrmoneymustache.com/
Choose FI Podcast - https://www.choosefi.com/
Cheers, Mr 3000
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