How To Strengthen Financial Independence And Retire Early

When I first heard of the FIRE (Financial Independence Retire Early) Movement, I had no idea what it was.  I knew it had something to do with money (which intrigued me), but I had never heard of it before.

I even had a hard time knowing what to Google to find out. So after digging around the information dirt pile, here is what I came up with.

There is a desire gaining popularity with many millennials to retire early – really early while being completely financially independent by their 30’s and 40’s.Its a plan of being VERY frugal while investing a substantial amount of money in a short time.

What Is The FIRE Movement?

The plan is to save and invest between 50 and 70% of your income until you have thirty times your living expenses.  And to do this as quickly as possible.  This means that you take the living expenses only (no fun!) for the year and multiply by 30.

How much money do you need to retire?

As with any big money decision, it has everything to do with your mindset and how you see your relationship with money.  Are you a person who believes that you work hard, so you also deserve to play hard?

What kind of mindset do you need to retire early?

Some may retire all together while others find a job that allows them more freedom or allows them to do something different that they have always loved.  My husband says when he retires, he wants to run a backhoe and play in the dirt.

What Do You Do After You Retire Early?

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