What is financial independence? FI explained (with examples)
What does financial independence mean? In this video, you will learn the definition of financial independence, examples of people who are financially independent and the 3 components of the FI calculation.
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If you’ve always wondered how to achieve financial independence and retire early, this video will guide you in the right direction.
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⌚ Sections in this video, What is financial independence? (FI easily explained):
0:00 | Start
0:52 | Definition of financial independence
1:32 | Examples of financially independent people
3:07 | Comparison of two financially independent people
3:42 | Income-generating assets
4:56 | Income from assets
5:47 | Expenses
6:08 | Geographic arbitrage example
7:07 | How much do I need to be financially independent?
🎞️ Related playlists:
Financial independence fundamentals: • Financial independence fundamentals
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⚙️ Equipment used to make this video:
Video and still camera: Canon EOS M50 Mirrorless Camera with 15-45mm Kit Lens
Microphone: BOYA BY-M1 Omni Directional Lavalier Microphone
Video editor: VSDC Free Video Editor
⚖️ Nothing in this video is intended as personalized financial, investment, tax or legal advice. Always consult your own professional advisor before making any decisions. For full disclaimer, please see https://moneywithmarkus.com/disclaimer.