I believe goals and definitions can change over time so the question really is “What is my current definition of financial independence?”

Today, and probably for 5+ years, FI means paying off my debts. I currently owe $113,000 on my mortgage at a 3.625% interest rate and I owe $3,200 to my parents at a 0% interest rate, so my total current debt is $116,275.

I equate being debt-free to financial independence because most of my decisions today revolve around my debt. Continue reading “What is my definition of financial independence?”