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GOBankingRates on MSNRethinking Rich: Does ‘Financial Independence Ratio’ Matter More Than Net Worth? - MSNFI Ratio vs. Net Worth. Your net worth is a tally of all your assets minus your liabilities, or debts. “Many people calculate ...
Let's imagine a few examples where knowing your net worth can be helpful. Scenario one: You're a new graduate with $1,000 in your savings, $10,000 in student loan debt and a part-time job that ...
When you reach financial independence, or FI, working becomes optional. You can retire, semi-retire, switch to your dream work, volunteer, become a full-time parent or travel the world ...
FI Ratio vs. Net Worth. Your net worth is a tally of all your assets minus your liabilities, or debts. “Many people calculate their FI number by multiplying their annual living expenses by 25 ...
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