It is so easy to save +1000 USD in a couple of hours that I am amazed by the fact that so few people seem to make sure they do it. It is not about skipping your daily coffee or anything like that (that alone would take you quite long to save +1000 USD). The cool thing is that you can do all of this online so if you are not comfortable doing it over the phone, there is no need! The solution involves a comparison site and here are the key things to make sure you check!
The 4% rule or the Safety Withdrawal Rule (SWR) is often used in the Financial Independence Retire Early (FIRE) community.
It is more a rule of thumb rather than a fixed rule, but one that many are using in order to have a clear number of the amount they would need to retire early. In this post I will go through the rule a bit more in detail, where it came from as well as some of the pros and cons. Using this concept makes it easy to have a clear goal of how much money you will need to be able to Retire Early!
FIRE aspirants will always be winners in falling markets, as long as the market performs over time, since they are in the accumulation phase towards FI!
The key thing is that you are consistent with your strategy of reaching FI and that you feel that your strategy is right for you.
I will show a couple of charts, acting as a reminder of history which might help you with your decisions, especially if you invest by the 4% rule and for the long-term….
The impact of buying a new car versus a second-hand one can be significant. The difference between how Joe and Frederic did it is 127,000 USD!! What you do, the way you do it and how you prioritize in life make all the difference in the world. Becoming financially free might be easier than you think, it might just be about how you choose your next car… This is the difference between Joe the Joyer and Frederic the Financially Free and you can choose who you want to be…
We all know that we should never play with real FIRE and that is not what this post is about. It is about you playing with the concept of Financial Independence Retire Early (FIRE)! If you have not started to play with the thought of an early retirement yet, now is the time to start! In this post we go through what it is, how it works and why you too should do it!