How Target Retirement Numbers Change Over Time

Full Video:    • How Far Would You Go To Quit Your Job...  

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Join Cliff in this off-the-cuff discussion about the Financial Independence Retire Early (FIRE) movement as he navigates his personal journey a year after quitting his job. In this candid video, Cliff reflects on what it truly means to retire early, the importance of defining your post-retirement life, and how much money you need to achieve fulfillment.

Cliff shares valuable insights from the FIRE community, mentioning influencers like Mr. Money Mustache and Graham Stephan, and how their frugal living tips influenced his financial strategies. He also talks about the evolving philosophy within the FIRE community—shifting from extreme frugality to building the life you want and then saving for it.

From enjoying the simple pleasures like coffee outings to investing in a pure-blood German Shepherd, Cliff discusses the personal luxuries he prioritizes, even if it means working a bit longer. He emphasizes the importance of budgeting for the life you envision, whether it includes a beloved pet or the convenience of modern plumbing.

Cliff encourages viewers to consider their non-negotiables in retirement, sharing examples like the YouTuber Raising Wildflowers, who opted for a self-sustaining homestead lifestyle. He stresses the need to budget for personal happiness and comfort, illustrating his own needs and financial goals.

Watch this engaging video to gain perspective on achieving financial independence, the practicalities of early retirement, and how to balance frugality with life's joys. Share your thoughts in the comments about what you envision for your retirement and the essential expenses you plan to budget for.