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The fourth area of concern is your achievement of financial freedom, financial independence. Project forward into the future and ask, how much money would I need to have to be comfortable sometime in the future?
It simple asks, what is your number? What is the specific amount that you want to earn, save, invest and accumulate over the course of your working lifetime? Especially, exactly how much will you need to support your lifestyle on a month to month and year to year basis?
There is a simple formula for financial independence. First, determine exactly how much it would cost for you to support your current lifestyle for one month if you had not income at all. More than 70 percent of adults are unsure and unclear about exactly how much it costs them to love on a month to month basis.
