AMA SG Budget Babe
Asked by Anonymous
Asked on 11 Aug 2018
To understand intentions behind saving up
45! I wanna have time to pursue my own dreams without worrying about money - 45 is the latest I've set for myself to become a published author!
The most common financial freedom goal is $1m. I guess most will reach there from the ages 40-55.
But your question is the intention behind saving up.
Financial independence is a concept where you don't need to work to support your lifestyle. That's a great reason to save up.
With low job security these days, financial independence means less stress on paying off your bills. Maybe that's freedom and flexibility to live and work on your own terms.
I can also share from previous polls, some want financial freedom to pursue artistic hobbies. Kind of like ending "required" work to make ends meet.
More tips on financial freedom and FatFIRE (which is comfortable financial independence retire early) in this post [click more to continue...]