Without a doubt, the single most important piece to most people’s finances is what I call the Financial Independence Fund.

I believe when you are looking at your finances you should begin with the end in mind, Stephen Covey lays out this principle in his bestselling book The 7 Habits of Highly Effective People.  To that end, it’s difficult to feel free financially if you are tied to your next paycheck, commission, or sale. The Financial Independence Fund is money you save that you will likely never use for anything except your own piece of mind.  It’s the foundation on which to build your independence. It’s your first taste of Financial Liberation.