Financial independence is great. But sometimes it can be daunting. Personal finance itself can be daunting, and now we’re adding something called financial independence or “FIRE” to it?
I decided it was time to come up with an approachable, understandable, and cost free entry point into financial independence. With the four resources listed below, I believe one can rather quickly get up to speed without needing any sort of advanced knowledge or education. The four resources, including one podcast episode, one very short academic article, and two blog posts, are free and easy to digest.
ChooseFI Episode 100: Welcome to the FI Community
This podcast episode goes over the basics of financial independence.
The Shockingly Simple Math Behind Early Retirement by Mr. Money Mustache
This blog post discusses the math behind early retirement.
The Arithmetic of Active Management by William F. Sharpe
This very brief academic article compares active investing versus passive investing (generally speaking, index funds).
FI Tax Strategies for Beginners by Sean Mullaney
My blog post goes over the basic tactics of tax planning for FI beginners.
Obviously there are plenty more FI resources, and I encourage you to explore them. But my hope is that these four resources comprise a relatively easy on-ramp into financial independence and personal finance for those starting out.
Subscribe to my YouTube Channel: @SeanMullaneyVideos
Follow me on X: @SeanMoneyandTax
This post is for entertainment and educational purposes only. It does not constitute accounting, financial, investment, legal, medical, or tax advice. Please consult with your advisor(s) regarding your personal accounting, financial, investment, legal, medical, and tax matters. Please also refer to the Disclaimer & Warning section found here.