🔥Retirement is not defined by age but by financial independence.
💰With enough money, you can retire early in your 40s, 50s, or even 30s.
🏖️Financial independence doesn't mean a life of idleness; it allows you to pursue your passions.
🌐The FIRE movement has gained traction through social media and online communities.
🎯Calculating the 4% rule helps determine how much money you need to achieve financial independence.
What is the FIRE movement?
—The FIRE movement (Financial Independence, Retire Early) challenges the traditional idea of retirement by emphasizing financial independence at any age.
Can anyone achieve financial independence?
—Yes, anyone can achieve financial independence with careful planning, smart investing, and living below their means.
How do I calculate the 4% rule?
—The 4% rule suggests that you can withdraw 4% of your investment portfolio each year without running out of money.
Is the FIRE movement only for high earners?
—No, the FIRE movement is for anyone who is willing to save and invest a significant portion of their income.
What are the benefits of the FIRE movement?
—The FIRE movement offers the possibility of retiring early, pursuing passions, and achieving financial independence.
00:02Retirement is not defined by age but by financial independence.
00:20With enough money, you can retire early in your 40s, 50s, or even 30s.
00:25Financial independence doesn't mean a life of idleness; it allows you to pursue your passions.
01:00The FIRE movement has gained traction through social media and online communities.
04:00Calculating the 4% rule helps determine how much money you need to achieve financial independence.
