Financial improvement is another acronym for FI that’s likely better suited for more people than financial independence. Let’s face it, financial independence is a lofty goal even for the most financially astute. If you’re in the midst of adulthood with competing responsibilities, financial improvement is probably a more viable option…at least for now.
It’s easy to get caught up in the sensationalized stories on the internet about people who made all the right money moves and retired early with millions in the bank, but let’s face it, that’s not the reality for most people.
Instead, most of us are juggling careers, mortgages, kids in school, aging parents, saving for college, paying off debt, and trying to set aside some money so that we can eventually retire. If you fall into this camp, you’re likely going to better off to focus your efforts on achieving financial improvement before financial independence. You know, walk before you run kinda thing.
Financial independence might be your longterm goal, then again, it might not. And that’s OK. Achieving financial improvement means you’re consistently making smart money moves that will inevitably lead you to the life you want to live both now and later. Check out today’s episode all about just that.
Show Notes:
Discussed in this episode:
- Financial improvement before financial independence
- Life getting in the way of financial success
- Bad relationships and their effect on finances
- Emotional health versus financial wealth
Noteworthy links:
- The Financial Gym
- Martinis and Your Money podcast
- The New FI: Forget Financial Independence, Achieve Financial Improvement First
