We’ve all been there. “Why am I spending eight hours every workday in the office? I could be doing something a lot more useful or fun!” If you’re like me and you think that trading up to 1,800 hours every year simply to make a living is ludicrous, you’ve probably heard of financial independence already.
Today I’d like to talk about taxes. It’s a topic that often receives little attention in our community even though it is an integral part of our lives, especially if you’re trying to achieve financial independence like most of us are. I know that taxation is a tricky issue for many of you, mainly among my Northern-American and UK readership, but hear me out why I enjoy paying taxes.
About a year ago I was drifting about without any clear direction in life. Heck, I didn’t even have a job at the time and the search for one was difficult to say the least. Fastforward one year and that very same fellow now has only one clear goal in life: financial independence, preferably before the age of 40. Full steam ahead from here on out!
So you’ve started your own journey towards financial freedom or even early retirement, but progress is slow and your motivation is dropping day after day. Reading tons of blog posts from your favourite personal finance writers has definitely taught you a lot, but putting theory into practice yourself turns out to be more difficult than previously imagined. You feel like a fish out of water.
Judging by the numbers of comments and e-mails I receive every day, there’s a lot of folks out there looking for information on financial independence and how to achieve it, preferably sooner rather than later. Of course, for every believer of financial independence and early retirement, there are a thousand non-believers out there. I’d like to respectfully call these people cavemen.