financial independence formula

A millennial hit financial independence in 3 years using 2 levers and one simple formula — Photo by Yan Krukau on Pexels

3% Savings Rate Exposes Financial Independence Timeline Doubling

35 percent of U.S. households save less than 5% of their income, meaning a 3% savings rate can double the time to financial independence versus a 75% rate. In short, saving only 3% adds decades to the FI timeline. Financial Disclaimer: This article is for educational purposes only and