Financial Independence | Let's Talk Money Goals

Financial independence goes hand in hand with early retirement, and makes up the first half of the increasingly famous FIRE acronym: financially independent, retire early. You’re financially independent when you’re able to cover all of your living expenses without having to work. In most cases, those expenses are covered by investment income, frequently referred to as passive income. Debt expert, Sean Pyles, talks to Lauren from Oregon whose money goal is to pay off her mortgage to gain financial independence. Learn more about financial independence on our site: www.nerdwallet.com/blog/investing/achieve-financia… Wondering if you should plan to pay off your mortgage? www.nerdwallet.com/blog/mortgages/pay-off-mortgage… Try our Early Mortgage Payoff Calculator: www.nerdwallet.com/article/mortgages/early-mortgag… What are your 2021 money goals? Tell us below using #NewMoneyGoals.

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