Step 6 of 6
Financial independence
The 4% rule, FIRE and “your number”
The last step: what financial independence concretely looks like, and which steps bring you closer to it, whether your goal is classic retirement or the freedom to choose.
Lessons
0/3 completed- 5 min
Why the savings rate matters more than income
It isn't how much you earn but what percentage you keep that decides how fast you get closer to financial independence.
- 7 min
The 4% rule, FIRE adapted to Romania and “your number”
How “financial independence” translates, concretely, into a sum of money, and why your figure can differ a lot from someone else's.
- 5 min
Decumulation: what you do with the money once you have arrived
Accumulation has clear rules (save, invest, wait). Decumulation, meaning how to draw money without running out, is discussed less, but it is just as important.
Action checklist
What you do concretely this week, for step 6.