Financial Independence, Retire Early (FIRE), what is it, how it works, does it work?

Рет қаралды 1,146

3 ай бұрын

"how do you sustain a living without a job or pay check?", "what do you do now (after you quit)?", "how much should I save?" were common questions I was asked since uploading my "3 years later" video where I talked about my burnout experience and how I left the corporate world 3 years ago. In this video, I want to introduce to you the FIRE movement, the 4% rule (safe withdrawal rate), the history behind it and walk you through some examples on how it works. This is just a rule of thumb based on historical data as a way to look at one's personal finance. No one can predict the future, and historical gains are not a guarantee for future returns. So will this FIRE thing all work? Let's find out!
Be kind to yourself. ❤️
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#simpleliving #financialfreedom #personalfinance
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Пікірлер: 15

@ashleygesty7671

Great video! Looking forward to more videos about simple living and recognizing we have enough :)

@REVIEWSONTHERUN

Interesting! Thanks for sharing it. ✌️

@chloev15

great video with insight information! curious to get an extra opinion, as an early retiree, where do people usually withdraw their retirement income from (TFSA, RRSP, non-registered) and why? look forward to more of your videos!

@san1799

Well, the 4% rule will realistically only work if one's average annual expenses are around 2%....so if I need approx 40K per year, my portfolio needs to be atleast a 1.5 mil.....not possible for most so I think the real definition of FIRE today is to find a self-employment option that can sustain your day to day living... content creation for eg :)