Episode #33 | F.I.R.E (Financial Independence Retire Early)
Manage episode 349179302 series 3424275
Are you saving 50% of your income? If your answer is yes then FIRE might be for you. F.I.R.E is a movement that is based on that principal — an aggressive savings/investment strategy that aims lower the retirement age into the 50s 40s and even the 30s. We breakdown the mechanics of this strategy and discuss what we really like about it.
FIRE # = (Annual Expenses / Safety Withdrawal Rate (4%)
FIRE #/Years to Retirement = Annual Savings/Investment Contributions Required
#FIRE #FinancialIndependence #RetireEarly #Retirement #FinancialLiteracy #PersonalFinance #Finance #HarmoneyWealth #FinanciallySharp #FeeOnly
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