Ndubuisi 'Andy' Egwim left his 9-to-5 job four years ago after hitting a number: enough invested assets to withdraw 4% yearly and live on it. He explains how saving hard, investing wisely, and avoiding excess spending gets you there, so work becomes something you choose, not something you need.
financial independence, financial freedom, you get to that point where work becomes optional. Or if I could work really very— if I work hard and I save carefully, invest carefully, don't do anything crazy or extravagant, don't live above my means, and I can invest to the point where I have enough investable assets to last me if I live based on adjusted— based on the expected life, average life expectancy, without having to work Can you maintain your standard of living with your investable assets? And we use a number called the 4% withdrawal rule, the safe 4% safe withdrawal rule. If I could be withdrawing 4% of my investable assets while they are still, while it's still compounding in the market, can I continue without having to work? So what I mean by financial independence, financial freedom, you get to that point where work becomes optional. So that's the point where I left my last 9 to 5 4 years ago. I haven't needed a job since then. So that point you get the opportunity to do what fits your your soul. If it fits your pocket at the same time, that's fantastic, but you get to do the work you choose.
