19: How to Calculate Your Savings Rate and Determine When You’ll Reach Financial Independence

Girl on FIRE

🎙 Savings rate calculation — the #1 factor that determine when you'll reach financial independence is your savings rate, learn how to calculate it and retire earlier than you every thought possible! 🤔

This episode discusses topics like:

🌟 Why your savings rate is the #1 factor that will determine when you’re able to retire;

🌟 How to calculate your savings rate and what it means for your financial independence; and

🌟 What your savings rate should be if you want to retire early.

Links from this episode:

Mr Money Moustache - The shockingly simple math behind early retirement

Time codes:

00:00 Hello & Welcome!

02:29 What Is Your Savings Rate & Why Is It Important?

11:25 How Do You Calculate Your Savings Rate

16:40 What Should Your Savings Rate Be?

19:58 Next Weeks’ Episode

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The advice shared on Girl on FIRE is general in nature and does not constitute financial advice. The information shared does not consider your individual circumstances. Girl on FIRE exists purely for educational purposes and should not be relied upon to make an investment or financial decision.