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We have already covered a lot on the subject of Financial Independence (FI). However, we need to go into more detail about the FI Number. Your FI Number is an essential Personal Finance Metric.
Your FI number will tell you how much money you need to be financially independent or retire. It is essential to know this number precisely if you want to see where you stand in your journey towards Financial Freedom. It sounds straightforward. But it is not as simple as it looks.
If you want an accurate view of your FI number, you need to estimate how your expenses will be once you are financially independent. And you also need to consider your future income. There is also a second more straightforward strategy where you only consider