Wealth: No, a million isn’t financial freedom

Dave Coker

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Published in

DataDrivenInvestor

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9 min read

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9 hours ago

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what you do with money is more important than how much money you got

Often we see articles allegedly touting how to achieve financial independence. I say allegedly as it seems most of those writing — even those who have retired early — aren’t really financially independent. I say this because most of the advise is banal and repetitive: cut living expenses as much as possible, not bad. Save heavily, good. Invest in stocks, either picking stocks that will outperform or, more commonly, broad index funds. It turns out both of these assets are very bad for…