Continuously reassess and adjust financial strategies from "summary" of Early Retirement Extreme by Jacob Lund Fisker
One of the key principles for achieving financial independence is the need to constantly reevaluate and modify one's financial approach. This involves regularly reviewing your income, expenses, investments, and overall financial situation to ensure that you are on track to meet your goals. By regularly reassessing your financial strategies, you can identify any areas that may need adjustment and make necessary changes to stay on the right path. Financial circumstances are constantly evolving, so it's essential to adapt your financial strategies accordingly. This could involve cutting expenses in certain areas, increasing savings rates, or exploring new investment opportunities. By staying proactive and flexible in your approa...
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