FINANCEMonths to result

Financially Independent Thinking

Think differently about money

Problem it solves

poor financial decisions

Best for

Individuals seeking financial independence

Not ideal for

Those who are not willing to change their mindset about money

Overview

Why this framework exists

Financially Independent Thinking is a mindset that involves examining one's assumptions about money and evaluating one's old road map for money. It requires thinking in new ways, managing one's life as an integrated whole, and identifying old assumptions. This mindset is essential for anyone who wants a clear, relaxed relationship with money.

Core principles

3 total
  1. Money is not the only measure of success.
  2. Financial independence is not just about having a lot of money, but about having the freedom to live life on one's own terms.
  3. One must be willing to challenge their assumptions and think differently about money in order to achieve financial independence.

Steps

4 steps
  1. Examine your assumptions about money
    Take a close look at your beliefs and values about money and identify any assumptions that may be holding you back.
    Pro tipKeep a money journal to track your thoughts and feelings about money.
    WarningBe prepared to challenge your deeply held beliefs about money.
  2. Evaluate your old road map for money
    Take a close look at your current financial situation and identify any areas that need improvement.
    Pro tipUse a budgeting tool to track your income and expenses.
    WarningBe honest with yourself about your financial situation.
  3. Identify your values and goals
    Determine what is most important to you in life and what you want to achieve with your money.
    Pro tipWrite down your values and goals and post them somewhere visible.
    WarningBe specific and realistic about your goals.
  4. Create a new road map for money
    Develop a plan for achieving financial independence based on your values and goals.
    Pro tipSeek the advice of a financial advisor or planner.
    WarningBe prepared to make changes to your lifestyle and habits.

Checklist

Saved in your browser

Examples

2 cases
Joe and Vicki Robin's story

Joe and Vicki Robin achieved financial independence by applying common sense, following basic business practices, reexamining outmoded assumptions, and diligently following nine simple steps.

OutcomeThey were able to retire early and live a life of freedom and fulfillment.
Other success stories

Many people have achieved financial independence by following the principles and steps outlined in this framework.

OutcomeThey have been able to live a life of freedom and fulfillment, and have achieved their goals and values.

Common mistakes

3 traps
Not being willing to challenge assumptions
One of the biggest mistakes people make when trying to achieve financial independence is not being willing to challenge their assumptions about money.
Not having a clear plan
Another mistake people make is not having a clear plan for achieving financial independence.
Not being patient
Achieving financial independence takes time and patience, and not being willing to wait can lead to mistakes and setbacks.

Origin story

How this framework came to be

The concept of Financially Independent Thinking was developed by Joe and Vicki Robin, who applied common sense, followed basic business practices, reexamined outmoded assumptions, and diligently followed nine simple steps to achieve financial independence.

Source

Traced to primary
Source · BOOK
Your Money Or Your Life: 9 Steps to Transforming Your Relationship with Money and Achieving Financial Independence: R...
Vicki Robin · 2019
Open source →

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