NATIONAL DAY

Financial independence is something we all like the sound of, but not many of us know much about how to truly attain it. Thats why International National Financial Awareness Day has come along to change all that. Its about sharing the simple rules that can lead to greater financial independence and maybe change your life for the better.National Financial Awareness Day is about finding ways to achieve financial independence and sharing information relating to that goal. But what is financial independence in simple terms? In short, its about reaching a point where youre generating enough income from assets to cover all your living expenses.When you reach that point, you will no longer be reliant on earning a paycheck by going to the office and working for someone else each day. Therefore, youll have attained financial independence. Once youre financially independent, all kinds of new opportunities open up and this day is about celebrating that and helping people reach that point in their lives.There are 2 rules associated with National Financial Awareness Day: the Rule of 25 and the 4% Rule. The Rule of 25 helps you to plan for the future by helping you to define how much money youll need to have saved for retirement, which is 25 times your annual expenses. The 4% Rule is about determining how much of a stock portfolio you can spend in a year and not run out of money.