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Sparking Your Early Retirement Dreams: A Guide to FIRE
May
Are you tired of the traditional retirement plan of working until you can’t? Enter FIRE, the “financial independence, retire early” movement! It’s like retirement, but significantly better.
FIRE has been gaining traction in recent years as a personal finance philosophy. While FIRE may seem like a radical departure from traditional retirement planning, it actually offers a structured plan for achieving financial independence and retiring early. However, there are many misperceptions and criticisms surrounding it. On this episode of rich & REGULAR, hosts Julien and Kiersten Saunders address some of the most common questions, such as who FIRE benefits and whether it’s sustainable.
One common misconception is that FIRE only appeals to those who don’t want to work. However, those who pursue FIRE may instead be seeking work-life balance, intentional living and minimalism, things which have become even more important in the wake of COVID-19 as workers question how they want to spend their time and what their priorities are.
Ultimately, FIRE offers the opportunity to have the best of both worlds: the ability to collect income while also having the time and energy to pursue one’s passions. Whether it’s retiring early or simply having the freedom to choose when and how to retire, FIRE can be a powerful tool for achieving financial independence. As Kiersten says, “It’s like having your cake and eating it too!”
So why not give it a shot? Who knows—you might just end up retiring in your 40s and living your best life.
Mentions:
The Simple Path to Wealth by JL Collins
Your Money or Your Life by Vicki Robin and Joe Dominguez
Early Retirement Extreme by Jacob Lund Fisker
Learn more at richandregular.com, purchase Cashing Out: Win the Wealth Game by Walking Away by Kiersten and Julien Saunders and follow on Instagram @richandregular. Support rich & Regular by sharing and rating it five stars on Apple Podcasts. Check out their video podcast Cashing Out on YouTube.
Check out the full episode below or on Apple Podcasts and never miss another episode by subscribing to SUCCESS podcasts today!
The post Sparking Your Early Retirement Dreams: A Guide to FIRE appeared first on SUCCESS.