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 The Adventurer's Guide to Early Retirement 5th Edition

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In 1991 Billy and Akaisha Kaderli retired at the age of 38. Now, into their 4th decade of this financially independent lifestyle, they invite you to take advantage of their wisdom and experience.

Can You Achieve Financial Independence?

Follow your passions

Financial independence is the state of having enough wealth and income to support your lifestyle without having to rely on traditional employment. It is often associated with the goal of retiring early, but it can also refer to the ability to have more control over one's time and work-life balance, even if that means continuing to work in some capacity.

Achieving financial independence typically involves a combination of saving, investing, and budgeting. The first step is to create a budget that allows you to live below your means and save a significant portion of your income. This money can then be invested in a diversified portfolio of assets, such as stocks, bonds, and real estate, which can provide a steady stream of passive income.

One of the most popular strategies for achieving financial independence is the FIRE (Financial Independence, Retire Early) movement. This movement is based on the idea that by saving and investing a high percentage of your income, it is possible to retire much earlier than traditional retirement age. The FIRE movement emphasizes frugal living, low-cost index fund investing, and a focus on building a portfolio of income-producing assets.

One key aspect of achieving financial independence is understanding the concept of your "number." This refers to the amount of money you need to have saved and invested in order to generate enough passive income to cover your living expenses. This number will vary depending on your individual circumstances, such as your desired lifestyle, inflation, and how long you plan to be in retirement.

It's important to note that achieving financial independence is not a one-time event, but rather a continuous process of monitoring and adjusting your savings, investments and spending habits. Inflation, market fluctuations and other external factors can affect your financial independence, so it's important to regularly review your portfolio and make adjustments as needed.

Another important aspect of financial independence is risk management. The key is to find a balance between taking on enough risk to achieve growth, but not so much that you are constantly worried about losing your savings. Diversification is one of the key ways to reduce risk, as well as having a solid emergency fund and adequate insurance coverage.

It's also important to consider the tax implications of your investments, as well as the costs associated with them. One way to minimize these costs is to invest in low-cost index funds, which have lower expense ratios than actively managed funds. Additionally, the use of tax-advantaged accounts, such as a Roth IRA or 401(k), can help minimize taxes and maximize the growth of your savings.





In order to achieve financial independence, it's essential to have a clear vision of your goals and a plan to achieve them. This includes setting realistic financial goals, creating a budget and sticking to it, and investing wisely. Additionally, it's important to have a positive attitude towards money and to be willing to make sacrifices in the short-term in order to achieve long-term financial freedom.

It's also important to surround yourself with a supportive community, whether it's friends and family, financial advisors, or other like-minded individuals who share your goals. This can provide a source of inspiration, encouragement, and accountability as you work towards financial independence.

In conclusion, financial independence is not just about retiring early, but about having control over your time and being able to live the life you want. It's a combination of smart budgeting, investing, and risk management. It's not easy and it takes time, patience, and discipline to achieve, but the ability to have control over your financial future and the freedom it brings is worth the effort.

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About the Authors

Billy and Akaisha Kaderli are recognized retirement experts and internationally published authors on topics of finance, medical tourism and world travel. With the wealth of information they share on their award winning website, they have been helping people achieve their own retirement dreams since 1991. They wrote the popular books, The Adventurer’s Guide to Early Retirement and Your Retirement Dream IS Possible available on their website bookstore or on

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Your financial independence and travel starts here

Retire Early Lifestyle appeals to a different kind of person – the person who prizes their independence, values their time, and who doesn’t want to mindlessly follow the crowd.

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