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When I was on the path to achieving financial independence, I had a somewhat crazy savings rate of 70%-75% at one point. It was a very high savings rate because I was hyper-focused on achieving financial independence and being able to retire early. However, I have somewhat dramatically changed my mind about what the best savings rate is for achieving FI. I can tell you that I believe much more strongly in having more balance between spending and savings. Don't be too extreme in one direction or the other. Just as it is bad if you spend all the money you make without saving any of it, it can be just as bad if you barely spend any money and save too much of it. You definitely need to check out my original video on the best savings rate for FI: • Best Savings Rate For Financial Independen... ************************************************************ All Of My Favorite Financial Resources: https://www.oncashflow.com/resources How I Track My Personal Finances: https://www.oncashflow.com/track Investment Platform That I Use: https://www.oncashflow.com/invest My Favorite Calculator For Financial Independence: https://www.oncashflow.com/retirement Software I Use To File My Taxes: https://www.oncashflow.com/tax Products I Buy To Save Money: https://www.oncashflow.com/shop Get Personalized Consulting From Me: https://www.oncashflow.com/consult/ ************************************************************ #savingsrate #financialindependnece #FIRE ************************************************************ This content is for informational purposes only, you should not construe any such information or other material as legal, tax, investment, financial, or other advice. Before making financial and legal decisions, consult financial and legal professionals licensed in your jurisdiction. Some links provided may be part of an affiliate advertising program designed to provide a means of compensation for referring traffic and business to other companies.