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The key behind financial independence is finding tax advantaged ways to build wealth, while also finding strategies to use that will allow you to bridge the gap between early retirement and the government’s definition of retirement age (59.5).
Some people call this the gap fund. Before last October, I thought the only way to develop a gap fund was through regular after tax investing and savings accounts. However, my mind was blown after discovering the ChooseFI podcast and listening to two major podcasts that shifted my thinking and got me even more excited about financial independence.
You might ask, what were the two podcasts?
These two strategies allow you to control your taxes by controlling the amount of money that you bring in as taxable income. Give these two podcasts a listen.