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Exploring The 3 Main Levels of FI
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As we graduate through the seven stages of FI (explanation of all 7 in episode 3, linked below), there are three main levels of Financial Independence.
You might want to dine, travel, shop, and live comfortably while being financially independent which is called Fat FI. In contrast, one might achieve Lean FI, which covers the extreme basic necessities and a very frugal lifestyle.
Ben and Andrew explain what each level means and explore the lifestyle it may afford. Knowing and understanding these segments will assist you in figuring out just how much you need in passive income and investments to achieve the lifestyle and freedom level you desire.
The 3 Levels of Financial Independence
- Lean FI
- Coast FI
- Fat FI
In this episode, listen for
- What style of FI Andrew is working toward right now
- Why Ben feels everyone should be shooting for Coast Fi
- An explanation of the 4% rule and how it applies to you
Read all the show notes, get the resources discussed, and follow our FI Entrepreneurship journey at https://bonafidefinance.com/
Jacob Lund Fisker’s book that inspired the FI Movement: https://www.amazon.com/Jacob-Lund-Fisker/e/B0049I0MOI/ref=dp_byline_cont_pop_book_1
The 7 Stages of FI - Episode 3: chartable link
Bona Fide Finance:
Website: https://bonafidefinance.com/
LinkedIn: https://www.linkedin.com/company/bonafidefinance
Facebook: https://www.facebook.com/BonaFideFinancialPlanning/
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Student Loan Tax Experts:
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