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Developing a longterm financial plan is key to achieving financial independence from "summary" of Playing with FIRE (Financial Independence Retire Early) by Scott Rieckens
Developing a long-term financial plan is like setting a roadmap for your financial future. It's about creating a clear path towards financial independence, where you have the freedom to make choices based on what truly matters to you. Without a plan in place, it's easy to get lost in the chaos of daily expenses and lose sight of your long-term goals. A financial plan helps you stay focused on what's important and provides a framework for making decisions that align with your values. It allows you to see the bigger picture and understand how each financial choice you make today can impact your future. By setting specific goals and creating a plan to achieve them, you're takin...
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