Reaching Your Personal Financial Tipping Points

by William P. Meyers

Chapter 1

The Importance of
Your Personal Financial Tipping Points

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After the Third Personal Financial Tipping Point you should be on easy street. You will still be working, but your stress level will be greatly reduced. Your monthly payments are extraordinarily low, because you pay neither rent nor mortgage. Any savings you have becomes an investment that accelerates you towards financial independence   

The Fourth Financial Tipping Point comes when your savings and investments generate returns high enough to allow you to live without working, if you so desire. Of course you can keep working if you like, and it very easy to continue to save and invest at that point.

It sounds simple, but nothing in life is that simple. There are many fine points, many potholes to avoid, and many tricks to know.

Does it seem like I’m asking you to think only about money? Not at all. In fact one of the best reasons to strive for the Tipping Points is that there is much more to life than money.

Money in itself does not make a good person or a good life. But powerlessness resulting from poverty or the rat race can have a very bad effect on both individuals and society. I see that people who are debt-free are generally happier than people burdened by debt. Sad things and good things happen to us all, but it is far easier to deal with life’s other problems if money is not a big issue.

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Copyright 2008, 2009 by William P. Meyers. All rights reserved.