Скачать или смотреть You DON'T need to be 65 to retire | FIRE Movement Explained 💸

You don’t need to be 65 to retire 💸

FIRE means Financial Independence, Retire Early. It’s a movement where you aim to save and invest aggressively to achieve financial freedom at a younger age, allowing you to retire early, work on your own terms and spend your time how you choose

The idea is to build enough wealth so that your investments can cover your living expenses, freeing you from the need to work a traditional 9-to-5 job

Here’s how it works:

1. Save aggressively: Many people aim to save 50-70% of their income
2. Invest: Money is often invested in index funds, real estate, or other growth stocks to build wealth over time
3. Live below your means: By cutting unnecessary expenses, you can save more and need less to live on in the future

Once you’ve hit your FIRE number - usually 25x your annual expenses, you can retire or work purely out of choice

There are different types of FIRE to suit different lifestyles:
• Lean FIRE: Minimalist living with low expenses/frugal vibes •
Coast FIRE: Save enough early so your investments grow on their own without adding more •
Barista FIRE: Your work will sustain annual costs •
Fat FIRE: Financial freedom with a more luxurious lifestyle