If you want to arrive safely at your destination, you need to check your blind spots along the way – and this remains true even when the “destination” in question is financial independence. In today’s article, the author outlines several common “financial blind spots” he has observed which can, if not checked, have significant repercussions for your journey to financial independence. For more – including a potential “double blind spot” that can impact retirement – CLICK HERE.
In regards to the FIRE (financial independence/retire early) movement, the author of today’s article notes that while “there are lots of moving parts…one crucial step toward achieving that coveted status is as easy to understand as it is difficult to execute” – and that crucial step is depicted in chart form in the article. For what this step is – and what the chart indicates about your ability to achieve FIRE – CLICK HERE.
The FIRE (Financial Independence, Retire Early) movement has been gaining traction – but, as today’s article seeks to make clear, as wonderful as the prospect may seem, extra-early retirement isn’t for everyone. Specifically, the author outlines some of the financial and emotional consequences of early retirement – as well as some questions to ask yourself if you are still considering leaping into the FIRE. For more, CLICK HERE.
He became determined at an early age to achieve financial independence by age 37 – and now, at age 26 and with a net worth of approximately $150,000, he is on track to do just that. In today’s article, the so-called Money Wizard shares his savings strategy that he expects will result in $750,000 by the time he is 37, even if he never gets another raise at work! What is the Money Wizard’s primary investment goal each year? Why doesn’t he have an emergency fund? What does he call “the smartest investment I ever made”? CLICK HERE to find out.
The FIRE (Financial Independence, Retire Early) movement is growing as more and more workers seek to save enough so that they can leave full-time work in their 30s, 40s or 50s – and those that have achieved early retirement have developed some tools to help those who aspire to do so. Are you on track to retire early based on your net worth? Where can you cut spending even further? And is early retirement even right for you? These tools can help answer those questions. CLICK HERE to read more.
According to a recent report from the Employee Benefit Research Institute, almost half of retirees end up leaving the workforce earlier than they had planned – and while this is often involuntary (the result of a layoff or illness), in a third of cases individuals make an early exit by choice, having achieved financial independence. Achieving early retirement is not easy, though – which is why today’s article outlines 12 key moves to make over the course of your career to increase the chances of making your early retirement dream a reality. To read more, CLICK HERE.