Ruth Henderson, also known as The Happy Saver. Photo / supplied
Each week, BusinessDesk and the NZ Herald’s Cooking the Books podcast tackle a different financial issue. Today, these are the strategies a couple used to drastically cut the time they needed to work. Hosted by Frances Cook.
The idea of investing enough to be able to live on passive income often seems like a dream.
Surely it’s just for those who earn the mega big bucks? Or it will take 20 years, 30 years, maybe even longer.
Well, a couple from New Zealand made it in 11 years, and although they earned a decent salary, it wasn’t anything crazy.
In fact, they say they could have achieved financial independence even sooner had they avoided a few mistakes along the way.
They are now at the stage where they technically don’t need to work, although they choose to work part-time in order to have some extra money for fun.
This is what the financial independence world calls becoming “work optional.”
So how did they do it?
For the last podcast, I spoke to Ruth Henderson, also known as The Happy Saver.
For the interview, listen to the podcast here.