Lesson 1.4: Savings Rate. When Do You Want Financial Freedom? with Paul Spencer and Kim LaFever

Financial freedom is when passive income equals monthly spending. This episode is an intro to the math of personal finance. FF alumni Paul Spencer and Kim LaFever reached financial independence five years after taking FF1. In this episode, we learn the numbers behind how they did it and what they are doing now. They talk about how learning about FIRE disrupted their assumptions about their work, their spending, and their time. In doing so, they created new possibilities of what they could do their lives, including moving to Spain and getting a mystery novel published.