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Month: January 2018

Financial Intentionality: The 9th Wonder Of The World

Financial Intentionality: The 9th Wonder Of The World

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The Great Pyramids of Giza, one of the original 7 Wonders of the Ancient World. The photo illustrates the great impact that financial intentionality has on personal finance.
The Great Pyramids of Giza, the last of the 7 Wonders of the Ancient World still standing.
“The Pyramids at Giza” by Josh Cutherell, CC BY 2.0 license

In the last article, we took a look at the surprising fact that an annual income of just $32,400 ($15.58/hour on a full-time basis) is all it takes to rank within the world’s top 1% of earners.

We also learned that nearly half of all Americans already meet this criteria and that the average adult is only $1,301/year ($.63/hour at 40 hours/wk, for those counting) from doing the same. Lastly, we reviewed some troublesome statistics regarding the money situation of everyday Americans:

  1. Up to 78% report living paycheck-to-paycheck
  2. As many as 72% identify as being stressed by money
  3. 57% have less than $1,000 in savings
  4. 39% have no savings at all

The obvious question remains: why this stark discrepancy between high average income and extremely low levels of personal prosperity? Continue Reading

The Average American Income Is Only $1,301 From World’s Top 1%

The Average American Income Is Only $1,301 From World’s Top 1%

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Photo of a sleek grey Maserati auto, illustrating the luxurious life available to the top 1%.
“Maserati” by Ramin Ekhtiar, CC BY 2.0 license

Does your income rank in the top 1% of the entire world? Before you roll off your couch in a fit of cynical laughter, you should know that the answer to that question might just surprise you.

A recent study found that the level of annual income required for someone to be within the top 1% of earners in the world is a mere $32,400. This translates to an hourly wage of just $15.58, assuming a standard 40 hour workweek and full-time employment.

Yes, that’s right – make $15.58/hour or more on a full-time basis and you’re part of the global 1%, based on income.

Continue Reading
Introducing The Financial Freedom Project

Introducing The Financial Freedom Project

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A mountain in the distance mirrored in a lake that is clear as glass. The photo illustrates the beauty, serenity, and peacefulness of the financially free lifestyle.
The peacefulness, serenity, and beauty captured in this photo from our trip to Glacier National Park, Montana are representative of the financially free lifestyle.

Hello, reader! Welcome to The Financial Freedom Project, a blog dedicated to making financial freedom, financial independence, and early retirement attainable for everyday people with everyday incomes.

Driven to pursue financial freedom, but don’t have a six-figure income and don’t want to live like a hermit? That’s alright, I didn’t either! The good news is that there is another way.

This is Mr. Financial Freedom Project (Mr. FFP, for short), founder and author of this site. Below you’ll find a synopsis of my story, the blog, and what you can expect to find here moving forward. Continue Reading