We all share the dream of financial independence. By reaching the point at which our assets generate enough to cover our expenses for the remainder of our lives, we gain the freedom to focus all of our time on the things that really matter.
In honor of our nation's Independence Day this Fourth of July, the slideshow below shares the No. 1 tip to help you more quickly reach your own Financial Independence Day. Along with that tip, it also includes a brief discussion of how to think about money in terms of time, as well as priorities to make it easier to make the tough decisions that will help you attain financial independence sooner.
How to get even more income during retirement
Social Security plays a key role in your financial security by reducing the amount you need to save on your own to cover your retirement expenses. Still, it's not the only tool to boost your retirement income and help you reach your financial independence day sooner. In our brand-new free report, our retirement experts give their insight on a simple strategy to take advantage of a little-known IRS rule that can help ensure a more comfortable retirement for you and your family. Click here to get your copy today.
Chuck Saletta is a Motley Fool contributor. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.