@shivanshsingla119: Financial freedom becomes an actual goal when you put a number on it. Here are the 4 numbers I think everyone should know: 1️⃣ Your FIRE number Take your monthly income × 300. For example, if you make $5,000/month, that’s a $1.5M portfolio. The idea is that, using the 4% rule as a rule of thumb, a portfolio around 25× your annual spending could potentially support your spending over a long retirement. Your actual FIRE number should ultimately be based on your expected spending, not your income — but this is a simple way to start thinking about it. 2️⃣ Your investing target Take your monthly income × 20%. If you make $5000/month, that’s $1,000/month invested. Think of this as your floor, not your ceiling. As your income grows, the goal is to increase this number too. 3️⃣ Your spending limit Try to keep your essential spending within 60% of your monthly income. Housing, groceries, transportation, bills, etc. The point isn’t to spend as little as possible. It’s to create enough margin between what you earn and what you spend to actually build wealth. 4️⃣ Your income target Aim to increase your income by 10% every year. Because there’s only so much you can cut from your expenses. Increasing your income gives you a much bigger lever to pull — especially early in your career. And that’s really the philosophy behind how I think about building wealth: Earn more → spend intentionally → invest consistently → let compounding do its job. You don’t need to stop enjoying your life to become financially free. You just need to make sure your lifestyle doesn’t grow as fast as your income. Save this and calculate your 4 numbers. 📌 #PersonalFinance #financialfreedom #canadapersonalfinance #salarycanada #canada canada🇨🇦 reelsinstagram reelitfeelit reelkarofeelkaro

shivanshsingla119

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Sunday 30 August 2026 20:15:44 GMT