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  #11797 (permalink)  
Old 25-10-2019, 06:29 PM
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Originally Posted by Unregistered View Post
Well done!

I guess you are referring that you are able to save 75% income due to lower expenses and your passive income is covering 75% of your expenses.

So if your passive income can cover the remaining 25%, you would be reaching FI!
This doesn't make much sense and is what's hindering people from aiming for financial independence. Being able to save 75% of income means he only needs 25% of his income. If his passive income is 25% of his active income he can retire.
Banks and financial institutions like to benchmark retirement $ needs against our last drawn income. That's BS. Keep your expenses low and you will be financially independent. A consumption mindset and lifestyle doesn't givve ppl fulfillment, we are too influenced by marketing.

"The way to be rich is not to spend money. Those who spend like they are rich are likely not rich at all"
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