Toginet Radio interview with Steve Jorgenson

togonet_logo.jpgHere is a 15-minute Internet interview about Findependence Day with Toginet Radio’s Steve Jorgenson, which aired this morning (Sunday, August 18th).

It you have difficulty accessing the clip, just go to and check the schedule for Sunday, August 18th: the 11 am time slot. It’s under Recent Shows over to the right.

The clip contains interviews with three authors: the Findependence Day interview with me is the second of three, and you can go directly to about the 19.48 minute mark on iTunes if you don’t have time to listen to them all.

The host does a nice job in teasing out where the name Findependence came from, to explain what the expression “Freedom, Not Stuff” means, the need for financial literacy, the difference between retirement and findependence and other things.

Seek Findependence, not Retirement

wohlner66This week, I did a guest blog on Roger Wohlner’s blog, The Chicago Financial Planner, which you can find here.  As I note there, Roger [pictured on the left] is the kind of fee-only financial planner I recommend in Findependence Day. By the way, Roger is a must-follow on Twitter as @rwohlner

As you can note in the comments section which follow that post, people are becoming more aware of this paradigm shift and the distinction the book makes between traditional “Retirement” and Financial Independence (or “Findependence”).

As one commented, by viewing the goal as Findependence rather than full-stop retirement, he was able to move his “retirement” date up by 15 years.

Related to this concept is a blog I did here a few months ago about Early Findependence being a more achievable goal than Early Retirement. I note in this weekend’s Financial Post, a package of stories about extreme saving (I’d call that ‘guerrilla frugality”) by Melissa Leong, including a profile of a couple who supposedly “retired” at 35.

We’ve seen these stories before of course: Derek Foster and Dianne Nahirny both wrote books describing how they retired in their 30s. But of course, they were really describing Findependence since if nothing else they were still “working” by writing books how about how they stopped working!




We have the fireworks; we have the balloons!

fireworksTonight is the official launch party for the new U.S. edition of Findependence Day. The two main ingredients of the cover are fireworks and balloons, and here they are ready to be unleashed.  It also happens to be the actual day I turn 60. I’m billing this as the world’s first Findependence Day party. Since we coined the term, we’re entitled to make that claim, right?

Does this mean I’m now financially independent enough not to show up to work on Monday at MoneySense magazine? In theory, yes, since in Canada you can collect the Canada Pension Plan (CPP) as early as age 60. In practice, however, it will be business as usual. But as I say in the book, the key point about Findependence is that you may choose to keep working, but because you want to, not because you perceive you must.

With many North American baby boomers turning 60 and 65 in the coming months and years, I expect there to be many Findependence Day parties — at least if the term catches on and the US edition of the book gets any traction. Here’s how you can help: please use your social media to spread the word, especially if you have American friends you think would benefit from the book if they just knew it existed.

And exist it does, as you can find elsewhere on this site. The paperback and hardcover editions are now available at, Barnes & Noble and Trafford. An e-book edition selling for $3.99 will be released in a few weeks. And of course, the first or “Canadian” edition is also available directly from me by clicking on the Buy Canadian edition button.


Do you really desire early retirement? Or just early Findependence?

After a bit of a hiatus, the Investor Education Fund has resumed publishing of my blogs within its Masters of Money platform, now well into its second year. Here’s one of two recent posts on Early Retirement, which include some personal reflections on this topic in light of my recent job change to become Editor of MoneySense Magazine.

We’re now ramping up for a new series of blogs at IEF. Meantime, I’m also blogging at Last week, I reviewed a book — Managing the Bull — which also made the distinction between Retirement and Financial Independence. As I note in the blog titled “Another Vote for Financial Independence” there seems to be a growing recognition of the distinction between the two terms.

And just as you can distinguish between Findependence and traditional full-stop Retirement, similarly you can distinguish between Early Retirement and Early Findependence. As I’ve noted before, Findependence can often occur much earlier than traditional retirement: sometimes decades before. In fact, it’s never too early to establish financial independence: if you can pull it off in your teens so much the better. Of course, few of us have the good fortune of the Miley Cyruses of the world so most of us will have to settle not for Early Findependence but Findependence somewhere between mid-life and the traditional retirement age.

Retirement overrated, Findependence underrated?

In the current issue of MoneySense Magazine now on newsstands (Retire in Luxury for Next to Nothing), we include a story asking whether traditional Retirement is Overrated. One person who has retired at 59 insists that to the contrary, Retirement is UNDER-rated, but we also include two professionals who continue to work in their chosen fields well past their mid 60s.

Personally, I’m coming around to the view that it’s quite possible and perhaps desirable to aim for the seemingly contradictory goals of both Early Findependence but Delayed Retirement. Think of any rich and famous artist, musician or business person, be it Steven Jobs, Mark Zuckerberg, JK Rowling or Mick Jagger. All these people experienced early success and therefore Early Findependence.

But it’s telling what they chose to do with that Early Findependence: in almost every case, they continued to do what they loved and that had been the source of their worldly success and accompanying financial independence. Jagger is still rocking, Jobs was designing the next generation of Apple devices until his last few months of life, Zuckerberg is a billionaire but still engaged in his 20s at the social media giant he founded and Rowling has now branched out beyond her 7-part Harry Potter novels to pen a new adult novel that’s reviewed in the current New York Times Book Review.

Findependence as means, not end

This also tells us something important about the nature of work and wealth. If you’re really passionate about something and doing work that satisfies the soul and that the world benefits by, then wealth is merely a byproduct of that activity. Let’s not confuse the means and the ends. Financial Independence should not be viewed itself as the goal (or end) but merely the means to an end, which is whatever vocation, business or creative pursuit you are called to do.