Want to Light Your FIRE? (Financial Independence, Retire Early)
Submitted by Moneywatch Advisors on July 13th, 2018There’s a new movement, inspired by millennials, to supercharge one’s efforts to acquire enough money to retire early. And when I say early, I mean in their late 30’s and 40’s. This starts with a foundation with which we’re familiar: live beneath your means; save money; invest in a diversified portfolio of growth and income funds, etc. But, FIRE takes this a step further – actually an Evil Knievel jump further – and adds super saving through extreme steps to achieve an extraordinary goal. That goal is not to just retire early, like by age 55, but WAY early, when most of our careers are only just beginning. Here is how some are living their life. Is it for you?