[Show all top banners]

fi_nepali
Replies to this thread:

More by fi_nepali
What people are reading
Subscribers
:: Subscribe
Back to: Kurakani General Refresh page to view new replies
 Financial Independence
[VIEWED 2986 TIMES]
SAVE! for ease of future access.
Posted on 01-16-17 9:51 PM     Reply [Subscribe]
Login in to Rate this Post:     0       ?    
 

As a nepali what are your views on financial independence? Me personally, I define financial independence as:
1. Spending less than I earn
2. Avoiding buying stuff with money I don't have. No Debt
3. 12 month emergency fund
4. 401k, IRA etc max out
5. Retire by the age of 40
 
Posted on 01-16-17 11:12 PM     [Snapshot: 54]     Reply [Subscribe]
Login in to Rate this Post:     0       ?    
 

A financial goal is different from financial independence. Your point #5 sounds like financial independence. The rest are short or long term financial goals.

My understanding of "financial independence" is that you have enough income to cover your living expenses whether you work or not [irrespective of nationality, Nepali, in your case]. Financial independence does not necessarily mean no debt. Surprising, right? I know.
Being financially free can be achieved at any age. It usually is at any age above 21.

 
Posted on 01-16-17 11:53 PM     [Snapshot: 96]     Reply [Subscribe]
Login in to Rate this Post:     0       ?    
 

A simple equation:

Financial Independence (FI) = [Mind (M) - Capital (K)] / Life (L)

or, FI = (M - K)/L

or, FI * L = M - K ( Explanation: When Life is multiplied with financial freedom, it is equal to a mind which is free from all kinds desires related to wealth)
 
Posted on 01-17-17 6:17 AM     [Snapshot: 227]     Reply [Subscribe]
Login in to Rate this Post:     0       ?    
 

Agreed that Points 1 to 4 are financial goals. However, I think those goals make it easier to achieve financial independence. I disagree regarding debt, but i think everyone defines independence differently. .
 


Please Log in! to be able to reply! If you don't have a login, please register here.

YOU CAN ALSO



IN ORDER TO POST!




Within last 365 days
Recommended Popular Threads Controvertial Threads
Lets play Antakshari...........
डीभी परेन भने खुसि हुनु होस् ! अमेरिकामाधेरै का श्रीमती अर्कैसँग पोइला गएका छन् !
शीर्षक जे पनि हुन सक्छ।
What are your first memories of when Nepal Television Began?
[New post] Why Would Krishna Have To Run From The Battlefield
Sajha Poll: नेपालका सबैभन्दा आकर्षक महिला को हुन्?
ChatSansar.com Naya Nepal Chat
is Rato Bangala school cheating?
Why always Miss Nepal winner is Newari??
NRN card pros and cons?
Basnet or Basnyat ??
पुलिसनी संग - आज शनिवार - अन्तिम भाग
निगुरो थाहा छ ??
Nas and The Bokas: Coming to a Night Club near you
श्राद्द
सेक्सी कविता - पार्ट २
TPS Re-registration
What Happened to Dual Citizenship Bill
पाप न साप घोप्टो पारि थाप !!
अमेरिकामा छोरा हराएको सूचना
Nas and The Bokas: Coming to a Night Club near you
राजदरबार हत्या काण्ड बारे....
Mr. Dipak Gyawali-ji Talk is Cheap. US sends $ 200 million to Nepal every year.
Harvard Nepali Students Association Blame Israel for hamas terrorist attacks
TPS Update : Jajarkot earthquake
is Rato Bangala school cheating?
NOTE: The opinions here represent the opinions of the individual posters, and not of Sajha.com. It is not possible for sajha.com to monitor all the postings, since sajha.com merely seeks to provide a cyber location for discussing ideas and concerns related to Nepal and the Nepalis. Please send an email to admin@sajha.com using a valid email address if you want any posting to be considered for deletion. Your request will be handled on a one to one basis. Sajha.com is a service please don't abuse it. - Thanks.

Sajha.com Privacy Policy

Like us in Facebook!

↑ Back to Top
free counters