ilmscore | Financial Independence Number Calculation Predictions
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To calculate the financial independence number (FI number), divide annual expenses by 0.04 (or multiply by 25). For $48,000 annual expenses, the FI number is $1.2 million.
"you take your yearly expenses so if you're spending 4,000 a month which is 48,000 a year you take ho..."
May 20, 2024
Pending
An alternative calculation for the FI number is to multiply annual expenses by 25. For $48,000 annual expenses, this also results in $1.2 million.
"you can also take your yearly expenses number which is 48,000 in this case and multiply it by 25 alw..."
May 20, 2024
Pending