The first part of this blog post was all about growing the top line. My focus till 2014 had always been about how to maximize the topline and investing regularly. But to get to a great Net Worth, you need to cut costs too. The value of this is two fold. It reduces your expenses so you can live on less. The amount you will need to get to Financial Independence lower since your annual cost is lower, its 25-30X multiple is lower too, and hopefully you can get there sooner. A lot of people think if you are financially independent, it means you are rich but that’s far from the truth. What it really means is you have enough. You have found ways to really cut your expenses and focus on your priorities, so you don’t need as much. And that’s exactly what we did.
Freedom from the Daily Grind – Part 2
