TIP 29

PLAY FOR FINANCIAL INDEPENDENCE

       I’ve been rich and I’ve been poor. Believe me, honey, rich is better.

SOPHIE TUCKER

Once you have started setting aside enough savings for a six-month reserve (Tip 27) and have gotten into the habit of saving 20 percent of your income (Tip 28), you may be ready to play for financial independence. Don’t go crazy—I said play. Make this a game and just see what happens. If you haven’t done the previous steps, going for financial independence may seem overwhelming, in which case skip it for now and come back later when you are ready. The game will still be here waiting for you. Financial independence means that you have enough money or revenue streams that you never have to work again. You can live ...

Get Coach Yourself to Success, Revised and Updated Edition, 2nd Edition now with the O’Reilly learning platform.

O’Reilly members experience books, live events, courses curated by job role, and more from O’Reilly and nearly 200 top publishers.

Start your free trial