#79: Types of FI (Financial Independence) and How you can pick yours

5 Types of Financial Independence Nurses Should Know (Find Your Real FI Number)  

Ellaine, a nurse with over 15 years of experience behind Nurse Invests, explains that many nurses chase the wrong retirement number because they don’t realize there are five different versions of financial independence, each with different timelines and targets. She defines FI as having investment income cover living expenses and introduces the 25x rule, then breaks down 5 types of FI. She encourages viewers to pick the FI type that matches their ideal life, calculate their numbers, and share their goal, and invites nurses to a free upcoming workshop.  

00:00 Stop Chasing Wrong Number

01:39 What Financial Independence Means

03:16 FI #1 Explained

05:09 FI #2 For Nurses

07:39 FI #3 Part Time

10:46 FI #4 and Tradeoffs

13:31 FI #5  Halfway Hack

15:44 Choose Your FI Type

18:57 Action Steps And Workshop

20:38 Final Encouragement