At Modern Family Finance, we believe in helping clients achieve financial independence early when possible to set them on a path to find their best work.
Financial planning afforded us the freedom to make the leap from salaried security, take our family around the world, and pursue dream ventures. You can read more about our path to financial independence.
Financial planning for those who want to become work-optional, or achieve financial independence, differs in several ways from traditional financial planning. Here are a few key differences:
Focus on saving: The primary goal of work-optional financial planning is to accumulate enough savings and investments to cover living expenses without needing to work. Therefore, a sometimes unconventional portion of income is usually allocated to savings, investments, and debt reduction.
Understand your expenses: In order to become work-optional, it’s essential to be intentional about your expenses and have a solid grasp on your cost of living. You may consider tradeoffs in your lifestyle to reduce your spending in order to increase your savings goals.
Focus on passive income: Work-optional financial planning places a heavy emphasis on generating passive income through investments, such as rental properties, dividend-paying stocks, and other income-producing assets. The goal is to create enough passive income to cover living expenses without relying on earned income.
Asset allocation: Work-optional financial planning requires a carefully planned asset allocation strategy that can generate long-term passive income.
Retirement planning: Work-optional financial planning is essentially a form of early retirement planning. However, unlike traditional retirement planning, the focus is on achieving financial independence and the ability to retire early, rather than on a specific retirement age.
Location
For our clients’ convenience, we conduct meetings virtually. While our home base is in San Francisco and the Bay Area, we proudly serve households across the U.S. and internationally.
Mailing Address
1999 Harrison St
Suite 1800
Oakland, CA 94612
415-295-6206
Investment advisory services offered through Equita Financial Network, Inc. an Investment Adviser with the U.S. Securities and Exchange Commission. Registration does not imply a certain level of skill or training. Equita Financial Network also markets investment advisory services under the name, Modern Family Finance, LLC. The presence of this website on the Internet shall not be directly or indirectly interpreted as a solicitation of investment advisory services to persons of another jurisdiction unless otherwise permitted by statute. Follow-up or individualized responses to consumers in a particular state in the rendering of personalized investment advice for compensation shall not be made without our first complying with jurisdiction requirements or pursuant an applicable state exemption.
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Securities investing involves risks, including the potential for loss of principal. There is no guarantee that any investment plan or strategy will be successful.
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