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Blocks of 10
A Financial Road Map for the 10 Year Blocks of Your Life Kindle Edition
About Blocks of 10
Everything in our lives is interconnected, but most of us don't realize it. Every decision you make sets you one step further on the path towards your future, whatever that future may be. The major you pick in college, the first job you get, the networking you do, the friendships you establish, who you sleep with, who you marry, or have a long-term relationship with…all of it plays into how your life turns out.
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This book is for everyone who has wanted a roadmap for their financial life. This book is for anyone who has ever wondered, where should I be financially in my life right now? What should I be doing by this age to secure my financial future?
I wrote this book to give you that direction. It is a roadmap for your financial life where the ultimate destination is financial independence.
Everything in this book won’t apply to everyone – each individual is unique – but you’re sure to find something here that applies to you or someone close to you. And as long as that holds true, I’ve done my job. This is one man's opinion based on my own experiences and what I have learned from others. Enjoy!
What is financial independence?
People often confuse financial independence with retirement. Financial independence is not the same as being retired, though it can be.
Financial independence is when your assets produce enough income for you to live comfortably without needing to work. If your assets generate enough returns to cover your living expenses, you are financially independent. When people talk about living off of passive income, they are referring to being financially independent.
Financial independence is the freedom to decide if you want to work or not. You’re no longer dependent on a job for your income, which means you’re free to retire if you choose.
In this case, retired means you’ve left your career, for better or worse. The level of assets you have has no bearing on if you are “retired” or not. You can be retired without being financially independent, just as you can be financially independent without retiring. You could retire simply because you’re sick of working. You may not have enough assets to support yourself in retirement, but that’s not going to stop you from calling it quits.
Many people focus on the end-goal of retirement, but really what we should be working towards is financial independence, i.e., the freedom to stop working whenever we choose. Retirement is a rite of passage when you reach a certain point in your career; financial independence is something you can theoretically obtain at any time.