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Traditionally, financial independence involves earning, saving, and investing a large sum of money in your early years so that work becomes optional well before conventional retirement.

The idea is to do the hard work upfront in your 20s and 30s — pursuing promotions or taking on side hustles to earn more money while also cutting back your expenses so that you can save half or more of your income.

Some people may choose to stick it out in a job that they dislike because the salary is high and will allow them to reach their financial independence number as quickly…


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Financial independence and financial freedom. There are plenty of definitions and ways to think about these terms. In fact, they are often used interchangeably in the personal finance space.

However, by framing them as distinct, with financial independence as a numerical goal and financial freedom as a state of mind, you will ultimately lead a more meaningful and successful financial journey.

While financial independence is an amazing goal, achieving a mindset of financial freedom is equally important. It is also possible to reach financial freedom and the benefits that come with it, well before you reach financial independence.

What is financial independence?

As a…


Because I’m tired of reading the same general rules of thumb

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I recently heard on a podcast that 72% of Americans report that they stressed about money last week. It’s the #1 reason why couples get divorced.

It’s hard to get good with money, especially since most people don’t talk about it. Yes, there’s lots of advice and rules of thumb out there. But a lot of it is the same information, and some is becoming outdated.

But what is often overlooked? What advice is underrated that could move the needle and help you stress less this week? Today I’m covering 10. This isn’t the often-heard. This is the often-overlooked.

There’s…


Welcome to YouTube University

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I’m an avid YouTube viewer. I run a finance channel myself.

Most videos I consume are educational in the finance and business space so I’m in a good position to give you some awesome YouTube finance video recommendations.

Recently, I went looking back through my saved video history and found so many of my favorites I wanted to rewatch.

And then it hit me: I should put this into their own playlist and share that around.

Today I present the top 5 finance and business videos I watched in the last year.

In the end, I’ll also tell you how…


Two different approaches, one common goal

Source: writer’s photo

“FI is not about running away from the things you hate in life. It’s about running toward something.” — Choose FI: Your Blueprint to Financial Independence

How much do you want to be able to spend in retirement? That’s THE ultimate question for us to consider today. I’m going to cover 2 extreme sides of the FIRE equation — that’s financial independence, retire early.

What are their pros and cons? Who are they for? And should you consider pursuing one yourself?

First, I acknowledge some people are totally turned off by the concept of FIRE. They think it’s extreme and…


It sounds like a cult, and it probably doesn’t work. Right?

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Let’s discuss common myths and misconceptions as it pertains to the FIRE Movement — that’s financial independence, retire early.

There’s no ulterior motive here. I’m not going to try to recruit you to the FIRE cult.

Actually, we could call that a bonus misconception. FIRE is not a cult. There’s no official membership or fees. No website where you apply. No formal leader. No tattoos or brandishings.

Yes, there are tons of Facebook groups, blogs, and “celebrities.” Just like there are hobbies, sports, and the entertainment industry.

I haven’t told anyone or asked for permission to join the movement. There’s…


Money is 90% mental. You get to decide what’s possible.

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I recently connected dots when it comes to retirement and a possible reason why early retirement feels so elusive for many.

Better yet, you can apply this mental mindset shift to anything you’re trying to accomplish sooner.

It’s a concept that’s simple to grasp and implement right away. Hopefully, this will help you connect the same dots when it comes to time, your money, and your mindset.

Without delay, here it is:

PARKINSON’S LAW

The reason people don’t retire early (or even on time) is because of this concept known as Parkinson’s Law.

What is Parkinson’s Law? It’s the idea that work…


Here’s a better way to define financial success…

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I’m more than a little fired up today. I actually wanted to write an article helping you set financial benchmarks and goals. You know, the good ol’ classic “here’s exactly how much you should have saved if you want to retire on time” bit.

But quickly, after researching, I realized it would do you no good. In fact, it would likely do you harm.

There’s enough information out there on the topic if that’s all you want to know. But frankly, it’s all bullshit.

Let me explain AND offer an actionable approach you can start implementing today instead.

First off…


Win the early retirement race without sprinting

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Back in 2019, I came across a really funny trending hashtag — it was #MillennialRetirementPlans. Here are a few examples from Twitter:

  • A van down by the river #MillennialRetirementPlans
  • Hope the parents prepared for my retirement too
  • Selling old participation trophies as nostalgia
  • Finally, earn enough experience to get an entry-level job
  • Why is this even on trending? We all know we’ll never be able to retire.

And my personal favorite:

  • Work yourself to death, and you won’t have to worry about retirement #MillennialRetirementPlans

Clearly, most millennials don’t think any kind of retirement is possible. So early retirement must sound…


The exact formula to calculate how much you need to retire

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You may have heard of the FIRE movement. FIRE stands for financial independence, retire early. Once you reach your FI number, work becomes optional.

Today I’m going to focus on the FI part of the acronym. What you do after reaching FI is totally up to you. Retire. Don’t retire. Work part-time. Pursue a hobby. That’s the point of financial independence. Freedom. Options. Flexibility.

What is a FI number?

It’s the amount of money you need to have invested so that you can live off of earned dividends, interest, and capital gains from your investments — conceivably forever. …

Frankie Calkins

M. Ed. Seattle, WA. Marketing Manager by day. Personal finance YouTuber and Author by night and weekends. @TheMoneyResolution

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