One of the most common questions tech professionals ask is: "How much do I actually need to retire early or make work optional?" The truth is, there's no one-size-fits-all answer, but there is a formula to help you determine your number based on your lifestyle, investment strategy, and risk tolerance.In this episode, we break down the key factors that go into calculating your early retirement number, how to structure your investments, and the hidden costs you need to plan for.What You’ll Learn in This Episode:The core concept behind calculating your early retirementnumber.How the 4% rule works (and its limitations).Real-life case study: How a software engineer planned herearly retirement at 45.How to build anearly retirement portfolio with a mix of cash-flowing and growth investments.The role of stock market investments and low-cost indexfunds in financial independence.Pro tips to optimize your saving rate and investmentstrategy for financial independence.Key Takeaways: Your annual expenses determine your financial independence number. The 4% rule can be a useful guide, but adjustments may be needed based on taxes and lifestyle. Investing in diversified assets such as stocks, real estate, and alternative investments ensures stability. Unexpected costs like healthcare and market downturns must be factored into your plan.Having 2-3 years of cash reserves can prevent forced selling during economic downturns.If today’s episode resonated with you and you’re ready to take control of your financial future, I invite you to a free 30-minute clarity session. We’ll assess your current financial situation, identify growth opportunities, and create a roadmap to reach your work-optional lifestyle. Visit www.mywealthchoice.com.au to book your session today!Connect with Mo Shouman:Website: www.mywealthchoice.com.auLinkedIn: Mo ShoumanInstagram: My Wealth ChoiceFacebook: My Wealth ChoiceIf you enjoyed this episode, please subscribe and leave a review on your favorite podcast platform. Your support helps us reach more tech professionals looking to make smart financial decisions!Thanks for tuning in! See you in the next episode of Wealth Bytes!

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