Earning More

Time Now or Time Later

Recently I have been struggling with what I call the “Time Now or Time Later” paradox. I find that the Time Now or Time Later paradox is applicable to most people who are using a W2 job to pursue Financial Independence. This especially holds true for those that work in Manufacturing like I do. However, I have also heard similar experiences from friends in Sales, Healthcare and Finance roles as well. TIME NOW The Time Now portion of the paradox is based on the fact that higher paying/higher level jobs typically require more work hours per week. This is true both as you put in extra effort in the beginning to excel and gain promotions, and when you reach the higher level jobs with more…
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Financial Independence Debate: Save More or Make More

Today I would like to discuss my personal opinion/strategy on whether focusing on saving money and optimizing lifestyle costs or making more money through active and/or passive income is the better route to achieving Financial Independence. To anyone who is active in the FI community the natural answer is that both sides of the ledger are important. It is impossible to achieve a high savings rate which is the nucleus of any early retirement strategy if you only focus on saving or earning with disregard for the other. While I concede that this widely held belief is true, I do believe that from an effort (time, energy, etc.) standpoint there are optimal and sub optimal approaches. The remainder of this post will discuss my tactics…
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