I have always wanted to become financially independent in my 30s. It has always been a goal of mine. It all started for me around 2007 and it coincided with meeting my wife in 2006. She introduced me to Rich Dad, Poor Dad by Robert Kiyosaki. Kiyosaki talked about his Rich Dad, who understood how money worked and built businesses. He was his friend’s father. His Poor Dad (his own father) was a schoolteacher and was a slave to money.
Kiyosaki spoke about how he learned that having a business is a bridge to building wealth and introduced us all to the E/S/B/I triangle. E for Employee, S for Self-Employed, B for Business, and I for Investing. The goal was to move away from being an employee or self-employed (which Kiyosaki called owning a job) and move into the B/I side. Your goal was to build a business that you could use to invest From there, you could build true, sustainable wealth.
And I was hooked. I wanted financial freedom really bad. These days it’s called “Financially Independent, Retire Early,” or FIRE. Yes, it’s still a strong desire of mine and one that I’m committed to achieving in the coming years.
What about you? Are you new to the concept of financial independence? Have you ever considered it? Consider some of the points below as a way to jump start your FIRE goals!