What is FI? This is the term that my wife and I have been pursuing since day one as a married couple. We have been pursuing the point in our life where we have enough saved that our money is making more money than we are making at our jobs. This is the point at which you have enough money. You no longer need to earn anymore money. To some people this may sound like retirement. This is so much more than retirement. The old definition of retirement is the idea that you have to leave your job at a certain time in your life. That’s not FI. FI is not the idea of slaving away at a job for 30 years and then retiring.

Some people believe that all millionaires are crooks and only have their millions because they inherited their wealth. According to Thomas Stanley, author of "The Millionaire Next Door," 80% to 86% of the millionaires in America are self-made millionaires. Self-made millionaires are first generation millionaires, which means that they were the first in their family to reach a million dollars. That means that they did it on their own. That means that you can do it on your own also.