For myself, I was earning a good income in my last few years > 100k annually. This enabled me to invest my savings and reach FI.
Did I really reach FI? My monthly dividend income of 2.2k is able to offset my essentials - insurance, transport, music lessons, utilities. I got to earn a side income to cover food and dental expenses.
Had tracked my expenses since Jul-24. On average, was spending 2800 a month.
I feel that when I read the blogs/youtube, they are very unrelatable to the common folks who are only earning enough to cover for expenses. How do u tell such people to further cut their essential expenses so as to save more and invest.
For people who cant save, they would have to find some side hustle or even aim for promotion to get the extra money to invest. They then have to learn to invest with whatever little energy and time left. This is on top of having to pive a life, spending time on self care and family care...
Who could do that? So sometimes I wonder, FI is truly reachable for the upper middle to upper class income earners. Even overseas youtubers who reach FI was earning 300-400k a year. In my opinion, FI is only reachable for the top percentile earners.
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