The Illusion of Financial Independence Cody Berman's rags to riches story has captured the imagination of many young adults seeking financial freedom.
At 25, he boasts $500,000 in index funds and 11 rental units generating a tidy $3,500 monthly cash flow. This setup has led some to wonder: can he truly call himself financially independent?
On the surface, Cody's numbers look promising. His annual expenses of $30,000 to $36,000 are comfortably covered by his passive income streams. However, this view overlooks the complexities of real world finances.