Financial independence (FI) is a term for creating enough passive investment income to pay your bills. Creating your first $100 per month of passive income is a huge first step. Once you achieve this you are hungry for more, but investors can get bogged down in the grind of the slow build, losing sight of what they are shooting for. Whether you are within striking distance of the summit of FI, or it seems so far off it is a distant speck; making a plan can keep you on target, maintain your motivation, and shave years off your journey. Over the next three months we will be talking about putting together a plan and what it looks like to achieve FI. We will hear from three Bozeman investors, that have taken three very different paths all with the same destination - FINANCIAL INDEPENDANCE BABY!!!
This month Part 1, Putting Together a Plan: This month you will hear from an investor that has had such success in recent investment moves, that he realized FI was within reach within years (single digits). He has been crunching numbers and working out the details of what it will look like for him. He wants to make sure the math works and that he does not reach a false summit only to realize he has further to go. He will discuss the math behind FI and the nuts and bolts of a plan.