How do i know if i am on the right track to financial freedom? I try to invest 50% of my salary every month but I am not sure what stage I am at.

Wow that is a lot of discipline

It sounds like you’re doing great already—saving and investing 50% of your salary is a solid step towards financial freedom. A good way to check if you're on the right track is to look at your financial goals. Are you building enough wealth to eventually cover your expenses without needing to work? You might also want to track your net worth over time and see if it's growing at a pace that aligns with your long-term plans. If you’re unsure, reviewing your investment strategy and making sure it matches your risk tolerance and timeline can help.

This guide might be useful in setting and tracking your financial goals. Keep going—you’re definitely on the right path! 🚀

Whats your definition of financial freedom?

Saving 50% of your monthly salary is great and bold step towards financial freedom, 50% saving is higher that the average monthly savings of an average human. you're already making great progress by investing a significant portion of your income, but financial freedom is more than just saving, it’s about having enough assets and passive income to cover your expenses indefinitely.

Here's a simple 6-step evaluation:
1. Have your definination of Financial Freedom, what does it mean to you? is it retiring early, paying off debt, or covering living expenses? How do you perceive life with financial freedom?

2. Evaluate Your Savings Rate, by saving and investing 50% of your income is excellent, far above the average. This high rate suggests you could reach financial independence faster than most individuals, depending on your expenses and investment returns. for example, a 50% savings rate could lead to financial freedom in 15-20 years all things been equal.

3. Ensure to diversify Your Investments, Investing 50% of your salary is great, but ensure your money is spread across different asset classes like stocks, real estate, bonds, crpyto etc. for long-term growth and risk management.

4. Keep track of your portfolio performance and rebalance if needed.

To clarify your progress, calculate your "FI number" (annual expenses x 25) and compare it to your current investments. If you're on track, consider consulting a financial advisor for personalized guidance. Keep up the good work!

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