Financial independence hinges on how much you spend, not earn - Business Insider

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He kept his expenses relatively low, which meant he was able to save more of his income each year, and thus, he needed a smaller nest egg to leave work

. If your expenses remain at the same level, earning more can skyrocket your savings rate and put you on the fast track to early retirement.one month of expenses savedone year of expenses saved25 years of expenses saved

To get your financial freedom number, you can either multiply your annual expenses by 25 or divide your annual expenses by 4% .

 

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