An Introduction to Financial Independence: Part Two – Expenditures, Basic Accounts and Debt

Overview

  • Covers basic expenditures, account setup and debt
  • Split across three major sections
  • Intended to provide some information to enable you to improve your financial situation *today*
  • Approximately 4,000 words

This is part two of my series on Financial Independence. In the first part we covered the basic concept of FI as well as the psychology required to obtain it. The full series list is as follows

Now that we have covered the psychology and basic concept of working towards FI we can shift on to the more practical concepts. Expenses, security nets, investments, taxes, withdrawals and the like. I’ve listed them in the order which I think is most important, beginning with spending.

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