Comments on: Do You Need a High Income to Achieve Financial Independence? https://fourpillarfreedom.com/do-you-need-a-high-income-to-achieve-financial-independence/ Sharing insights on how to grow wealth and gain freedom. Mon, 21 Oct 2019 19:30:07 +0000 hourly 1 https://wordpress.org/?v=6.6.1 By: Zach https://fourpillarfreedom.com/do-you-need-a-high-income-to-achieve-financial-independence/#comment-38004 Thu, 13 Dec 2018 19:51:28 +0000 https://fourpillarfreedom.com/?p=32667#comment-38004 In reply to Andrew @ Wealthy Nickel.

I also find it more fun and interesting to find ways to increase income rather than, as you said, “slash expenses to the bone.”

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By: Zach https://fourpillarfreedom.com/do-you-need-a-high-income-to-achieve-financial-independence/#comment-38003 Thu, 13 Dec 2018 19:50:57 +0000 https://fourpillarfreedom.com/?p=32667#comment-38003 In reply to Cubert.

Great points, Cubert. I agree with both!

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By: Zach https://fourpillarfreedom.com/do-you-need-a-high-income-to-achieve-financial-independence/#comment-38002 Thu, 13 Dec 2018 19:50:14 +0000 https://fourpillarfreedom.com/?p=32667#comment-38002 In reply to Dave @ Accidental FIRE.

No problem, Dave! And great point – there are tons of ways to earn income without being tech savvy.

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By: Zach https://fourpillarfreedom.com/do-you-need-a-high-income-to-achieve-financial-independence/#comment-38001 Thu, 13 Dec 2018 19:49:45 +0000 https://fourpillarfreedom.com/?p=32667#comment-38001 In reply to Freedom.

Agreed – the trick is not just to earn a high income, but to earn a high income while simultaneously keeping expenses fairly low.

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By: Zach https://fourpillarfreedom.com/do-you-need-a-high-income-to-achieve-financial-independence/#comment-38000 Thu, 13 Dec 2018 19:48:41 +0000 https://fourpillarfreedom.com/?p=32667#comment-38000 In reply to Mrs. Picky Pincher.

Haha love that line – “you can get out with a spoon, but it will likely take longer.”

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By: Zach https://fourpillarfreedom.com/do-you-need-a-high-income-to-achieve-financial-independence/#comment-37999 Thu, 13 Dec 2018 19:48:07 +0000 https://fourpillarfreedom.com/?p=32667#comment-37999 In reply to Kit.

Great points, Kit. For some people, side hustles make sense and they can make a big difference financially. For other people in high-paying professions like your wife, it actually makes more sense to focus all of your energy on advancing through the ranks as a professional.

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By: Zach https://fourpillarfreedom.com/do-you-need-a-high-income-to-achieve-financial-independence/#comment-37998 Thu, 13 Dec 2018 19:46:29 +0000 https://fourpillarfreedom.com/?p=32667#comment-37998 In reply to The Finance Twins.

Yes, exactly! Income matters.

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By: Zach https://fourpillarfreedom.com/do-you-need-a-high-income-to-achieve-financial-independence/#comment-37997 Thu, 13 Dec 2018 19:46:10 +0000 https://fourpillarfreedom.com/?p=32667#comment-37997 In reply to Financial Mechanic.

Agreed – plenty of people achieve F.I. through extreme frugality and minimalism, but no matter how low your spending is, it always helps to simply increase your income.

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By: Zach https://fourpillarfreedom.com/do-you-need-a-high-income-to-achieve-financial-independence/#comment-37996 Thu, 13 Dec 2018 19:45:28 +0000 https://fourpillarfreedom.com/?p=32667#comment-37996 In reply to Kyle @ NYPFGuy.

Exactly – there is unlimited upside on your income-earning ability.

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By: Andrew @ Wealthy Nickel https://fourpillarfreedom.com/do-you-need-a-high-income-to-achieve-financial-independence/#comment-37955 Wed, 12 Dec 2018 15:56:40 +0000 https://fourpillarfreedom.com/?p=32667#comment-37955 Yes and amen. A lot of people get wrapped up in extreme frugality, but at some point you just can’t cut expenses anymore.

I’ve always found it more fun to find ways to earn more money than slash expenses to the bone.

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