How to Calculate Your Financial Independence Number & Retire Early |
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My new coaching & learning community, Rental Property Mastery is now LIVE.
Join us here: 👉👉https://www.coachcarson.com/RPM-YT Do you know your financial independence number? With a little simple math, you can set a financial goal that will help you retire early or just take back more control over your life. In this video, Coach Carson explains what the financial independence number is, how to calculate it, and different variations you can adopt in your own journey. He also shares his own personal financial independence number to give you a real example. RELATED VIDEO: How many rentals do you need to retire? https://youtube.com/playlist?list=PL5F-I4oW-y2Hh4WfgVSwmqkeIkipQF0Lk COMPANION ARTICLE & PODCAST: https://www.coachcarson.com/financial-independence-number/ Timestamps: 0:00 - Intro 1:09 - Investment Income pays for your Personal Expenses 3:04 - Track your personal expenses 6:54 - How much wealth do I need to pay for personal expenses? 4% rule 12:05 - Can enjoy life NOW while climbing the mountain 💲RENTAL PROPERTY ANALYSIS🏘️ My online course teaches EXACTLY how I run the numbers and confidently analyze rental properties that produce cash flow and build wealth (includes my spreadsheet): https://www.coachcarson.com/RPA-LT __________ SUBSCRIBE for more videos about how to retire early with real estate investing! 🤗 https://www.youtube.com/user/CoachChadCarson?sub_confirmation=1 ---------------- MY PODCAST ON INVESTING AND FINANCIAL INDEPENDENCE 🎧 https://www.coachcarson.com/podcast/ ---------------- GET MY FREE REAL ESTATE INVESTOR TOOLKIT 📋 https://www.coachcarson.com/toolkit-yt/ ---------------- FOLLOW ME ON INSTAGRAM 📸 https://www.instagram.com/coachcarson1/ ---------------- READ MY BOOK ON RETIRING EARLY 📚 https://www.coachcarson.com/retirementbook ---------------- 👋👋 SAY HI ON SOCIAL https://www.facebook.com/coachchadcarson/ https://twitter.com/CoachChadCarson __________ ▶️ MY YOUTUBE PLAYLISTS: “GET STARTED in Real Estate Investing”: https://www.youtube.com/playlist?list=PL5F-I4oW-y2GSa4B55DgpGOXFwhqMcCAm “100 Year Old Triplex Remodel Vlog”: https://www.youtube.com/playlist?list=PL5F-I4oW-y2EoCbkwMZrlJbStHVbxdsp3 “Ask Coach Your Questions Series”: https://www.youtube.com/playlist?list=PL5F-I4oW-y2Fns-a91jl5nU05fnej07Wp “Rental Property Analysis”: https://www.youtube.com/playlist?list=PL5F-I4oW-y2ExNeAqoGNhKBXhpFrQZmI_ “Creative Financing ToolBox”: https://www.youtube.com/playlist?list=PL5F-I4oW-y2GT1sXIBio2rEycQ6v38iyH “NITTY GRITTY Real Estate Investing”: https://www.youtube.com/playlist?list=PL5F-I4oW-y2FBXLqGI51b-aScuSPbc93M “BE YOUR BEST (Productivity Hacks & Personal Growth)” https://www.youtube.com/playlist?list=PL5F-I4oW-y2EyDHxapqzTHX33p15P1nCs “HACK Real Estate Debt” https://www.youtube.com/playlist?list=PL5F-I4oW-y2G8M605b1iuXpj-xWyjqNXP |