Saving is deferred consumption. There are all sorts of good reasons to save - a new car, an annual holiday, a house deposit. Almost everyone has savings with these and other goals in mind. The enemy of deferred consumption is inflation. Over the short term, it may not be noticeable…| uncountable thoughts
Financial independence is a point in time when you are able to sustain your desired lifestyle for the remainder of your life without having to exchange your labour to do so. It's hard to achieve, and unless you win the lottery, it's unlikely to happen unless you put a plan…| uncountable thoughts