National Financial Awareness Day
Although financial independence sounds great, many people don’t know how to achieve it. International National Financial Awareness Day was created to help change that. It’s all about sharing simple rules that will help you achieve financial independence, and possibly change your life.
National Financial Awareness Day focuses on financial independence and sharing information. What is financial independence? It’s the ability to generate enough income from assets that you can cover your daily expenses.
You will be no longer dependent on a paycheck from going to work each day for someone else. You will have achieved financial independence. Financial independence opens up all sorts of opportunities. This day is dedicated to celebrating this milestone and helping others reach it.
National Financial Awareness Day is governed by two rules: the Rule 25 and the 4% Rules. The Rule of 25 is a tool that helps you plan for the future. It allows you to determine how much money you will need to save for retirement. This rule is 25 times your annual expenses. The 4% Rule refers to determining how much stock portfolio you can afford in a given year without running out.
National Financial Awareness Day was established in 2019. It is only the second year of its existence. It was started by people who understand the power of financial independence, and how it can transform lives. They want to share their secrets with others and make financial independence achievable for all. This day combines the two key rules mentioned above and informs more people about their power.
National Financial Awareness Day is a great opportunity to reflect on your financial situation, plan for the future, and be financially independent. Consider how the Rule of 25 or the 4% Rule can be applied to your particular situation. You may discover new things that are possible and make changes you didn’t know were possible.
It’s also important to share information with others. Therefore, it is a good idea to have conversations about these topics with those closest to you. It could be a long-term benefit for all of you. Although they might not be aware of the rules, it doesn’t mean that they won’t benefit if they use them in their daily lives.
This International National Financial Awareness Day, learn more about financial independence and share your ideas. This could help you get one step closer towards the day when you no longer need to work for a salary.