Funny Holidays - Financial Independence Day

Material well-being allows a person to make his life comfortable and safe Financial independence is a path to self-improvement, including getting an education, implementing interesting projects, and the opportunity to take care of loved ones It allows you to live on income from your own assets without depending on work, salary and social assistance from the state Having wealth makes it possible to devote more time to your loved ones, do charity work and start traveling without worrying about the future To achieve financial independence, a person needs to set a budget for his expenses, accumulate savings, invest in profitable projects and learn how to manage assets Passive income is the key to financial stability and confidence in the future Today, financial literacy is being taught in kindergartens and primary schools To increase people's awareness of this social phenomenon, a holiday has been established - Financial Independence Day is celebrated annually on April 25th The date of the celebration was not chosen by chance 4% is at the forefront of the concept of financial independence This is how much money is recommended to be spent from your own investments within 12 months in order to cover inflation That is, with a bank deposit of 3 million rubles You can withdraw no more than 120 thousand rubles The number "25" is a marker of how much assets should be kept intact So, if the annual budget with all planned expenses is equal to 1 million 200 thousand rubles, then the amount of targeted savings should be 30 million rubles (1,200,000 times 25) Therefore, Financial Independence Day is celebrated on the 25th of the 4th month of the year Achievement of this status is signaled by four important vital signs A person does what he likes, freely manages his time, does any work without being dependent on management and external factors, and, most importantly, his capital grows year by year To achieve independence and material well-being, you need to hire a specialist in this field (for example, start collecting an investment portfolio with the help of a stock broker) or improve your own financial literacy Assets that generate passive income are a reserve fund that needs to be replenished regularly They cannot be touched even in the event of unforeseen circumstances There is no shame in saving and spending wisely First of all, you need to give up spontaneous purchases, which are often the result of marketing tricks The first generation of Swiss bankers, whose representatives lived in the 16th century, strictly saved on everything, so that later their great-grandchildren and great-great-grandchildren could take advantage of the material wealth inherited from their ancestors Money for the “safety cushion” is withdrawn from the main sources of income (for example, salaries or rental property) After the availability of reserve capital, its funds are invested in promising projects: securities and bonds of state companies, business development, purchase of housing stock or commercial real estate for rent This is how money begins to work for a person who has achieved his goal - partial or complete financial independence