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The Simple Math Behind FIRE (You CAN Retire Early)

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The FIRE movement (financial independence, retire early) has become more and more popular in the past few years, so what exactly is it? With many Americans feeling burnt out at their jobs, searching for ways to live how they want without being chained to a desk all day, the FIRE movement was born. With strict saving, limited spending, and an emphasis on dramatically increasing income, FIRE chasers seek to retire early as fast as they can…but that doesn’t mean YOU need to.

Mindy Jensen, host of the "BiggerPockets Money" podcast, has reached financial independence, but loves her job so much that she still works! And, she’s got a message for you: whether you’re thirty, forty, fifty, or sixty, you can STILL retire on your timeline IF you’re willing to put in the work. Using a basic financial rule of thumb, you’ll know EXACTLY how much money you need to reach early retirement. What’s the quick calculation? Stick around; we’re sharing it all with you!

Schedule a free consultation on protecting your rental properties with an LLC: https://corporatedirect.com/biggerpoc...

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Catch Mindy On the “BiggerPockets Money” Podcast:
https://link.chtbl.com/Money
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Bill Bengen (The Inventor of the 4% Rule) Talks Retirement, Past Crashes, and How You Can Withdraw Even More!:
https://www.biggerpockets.com/blog/bi...
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Are FIRE Naysayers Bad at Math? Yes. with Michael Kitces:
https://www.biggerpockets.com/blog/bi...
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The New Path to Financial Independence is HERE:
https://www.biggerpockets.com/blog/mo...
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Connect with Mindy on BiggerPockets:
Mindy: https://www.biggerpockets.com/users/m...
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Follow Mindy and BiggerPockets on Instagram:
Mindy: @mindyatbp or   / mindyatbp  
BiggerPockets: @biggerpockets or   / biggerpockets  

00:00 What is the FIRE Movement?
00:33 Sponsor: Corporate Direct
01:18 The 4% Rule
02:46 Buy Rentals Instead?
03:30 "I'll Never Retire Early!"
05:36 Ready for FIRE?

posted by notGaxtrounty2e