How to Reach Early Financial Independence - Deepstash

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How to Reach Early Financial Independence

medium.com

Lifestyle inflation is an insidious killer of your financial wellbeing and eventual financial independence.

What it is: allowing your expenses to grow along with increases in your income.

How preventing it helps:

  • Using increases in income t...

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  1. When you score a raise or bonus, invest at least half of it for the future - this is the most painless way of increasing your savings rate.
  2. Whenever you pay off a loan or credit card, increase your savings by the same amount you no longer need to send to your creditor. This is anothe...

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