How pursuing FIRE as a freelancer helps me save money - Business Insider

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'My income is inconsistent as a freelancer, but thanks to a smart savings strategy I'm on track to reach financial independence'

that would allow you to step away from paid work permanently.

I set the lofty goal of financial independence so that at some point I will no longer have to worry about swings in my writing income because I'll have a safety net to rely on. Plus, I can devote more time to other pursuits. Personally, I would like to dedicate more time to my current part-time job as a marine biologist.

Personally, I know it can be difficult to stop continually chasing the next gig. But as I've worked for financial independence, I've built up financial resources along the way. With those financial resources at my disposal, I feel more comfortable striking a healthier work-life balance. is fairly simple — set aside half my income each year into savings and investment vehicles until I hit FI. The first step to saving more was boosting my income.

Thanks to our decision to pursue FIRE, we've built a robust financial safety net. With that sense of security, I was able to approach my employer about a shift to part-time. Luckily, my employer was willing to accommodate my request to cut my hours in half. Without the sacrifices we've made to save on our journey to FIRE, I don't know that I would have had the courage or financial ability to negotiate this request with my employer.

 

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