Today I discuss some of the biggest surprises for my clients when we’re planning for financial independence, whether or not they’re planning to retire early.

One of the biggest and squishiest questions I ask is for my clients to get very specific about what retirement or life at FI will look like. By trying to dig deep here, we can identify goals and steps you can take to adjust your life now to make it more livable or set up your new lifestyle for success.

The other big point is that you should be targeting income in retirement rather than a financial independence number. By thinking about income, you will become more open to the value of income producing assets such as businesses, real estate or side hustles. This could help you reach FI faster, but also make it less daunting than targeting a number in the millions.