Financial Freedom Blog Post #5

You just can't get rid of me!

I'm back again...

It's out of the kitchen and Into the FIRE.

Let's do it:

4) What is your annual, monthly, weekly and daily savings goal?

Again, we will be using the book Financial Freedom: A Proven Path to All the Money You Will Ever Need.
So, one of the great things about reading Grant Sabatier's book is he provides these great extras for you to use to answer some (if not all) of his action items!

I've used his calculator here to answer question 4) from Chapter 3.

Year	Annual	Monthly	Weekly	Daily
1	$737,186	$59,805	$13,728	$1,960
2	$353,080	$28,644	$6,575	$939
3	$225,189	$18,269	$4,194	$599
4	$161,353	$13,090	$3,005	$429
5	$123,137	$9,990	$2,293	$327
6	$97,732	$7,929	$1,820	$260
7	$79,646	$6,461	$1,483	$212
8	$66,136	$5,365	$1,232	$176
9	$55,675	$4,517	$1,037	$148
10	$47,349	$3,841	$882	$126
11	$40,575	$3,292	$756	$108
12	$34,964	$2,837	$651	$93
13	$30,249	$2,454	$563	$80
14	$26,236	$2,128	$489	$70
15	$22,786	$1,849	$424	$61
16	$19,792	$1,606	$369	$53
17	$17,174	$1,393	$320	$46
18	$14,869	$1,206	$277	$40
19	$12,827	$1,041	$239	$34
20	$11,008	$893	$205	$29
21	$9,381	$761	$175	$25
22	$7,919	$642	$147	$21
23	$6,599	$535	$123	$18
24	$5,406	$439	$101	$14
25	$4,321	$351	$80	$11
26	$3,334	$270	$62	$9
27	$2,433	$197	$45	$6
28	$1,609	$131	$30	$4
29	$852	$69	$16	$2
30	$158	$13	$3	$0

Now, this chart really astounded me. I have a way to make $4.08 a day. If I just put that into my savings, it can really help me. 

It takes a whole two years off the amount I can retire! Now, granted, I would have to invest that money, which with fees, seems unlikely. But it's very cool to think about.

Another thing to think about is that $4 a day comes out to $1460 a year (I know it says $1609 up there. Maybe that's the magic of compounding or the average rate from the stock market, I don't know).

$1460 a year is substantial! I really should work harder on my side hustles. 

Anyway, I just wanted to share since I thought this was so cool.

Have a good night.

I remain, your faithful,

Into the FIRE