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Anonymous
Not sure if i am doing things correctly?
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Whats your definition of financial freedom?
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You're already doing better than most by investing 50% of your salary every month! The real question is—what's your target for financial freedom? Are you aiming for a specific net worth, passive income level, or FIRE (Financial Independence, Retire Early)?
A good way to gauge your progress is by calculating your FI number—basically, how much you need invested to sustain your lifestyle using the 4% rule. If your expenses are $3K/month, you'd need around $900K invested to cover it.
Also, diversification is key. Are you mainly in ETFs, stocks, or other assets? I personally DCA into ETFs like VOO and QQQ through Tiger since it's cost-effective for US stocks. Do you have a plan for when to shift from accumulation to preservation mode?
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Kent Toh
27 Mar 2025
Consultant at Sprinklr
As you grow older, you will know if you are on the right track.
But at this stage, 50% is good.
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For me, Consistency & Time and it will pay off....
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Wow that is a lot of discipline