Camp FIRE Finance
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Homeownership is the goal of many people as they navigate their lives. Whether you are single, married, or in a committed relationship, owning a home can provide you with plenty of benefits. As often as people say that homeownership isn’t all it’s cracked up to be, it is a financial goal you should set for yourself for a variety of reasons.
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We’re all familiar with how expensive college is and what students sacrifice to make it through. If they have to eat rice for a month, they do it. They’re willing to ditch their car for public transportation. Or rent a room instead of an entire apartment to save money. Students have had to be extremely thrifty because of limited finances.
Fortunately, students these days are hoping to eliminate the broke college student stereotype with an intense focus on building wealth. Specifically, they’re starting their investment journeys early to secure their financial futures.
Many students choose to take investing seriously, but the wealth of information out there — pun intended — makes acting on that choice overwhelming and intimidating. However, this basic investment guide aims to make investing more digestible and doable for students everywhere. Here are seven tangible tips for investing as a student.
Search the internet, and you see countless stories of people in their 30s, 40s, and in some extreme cases, their 20s, retiring early to live life on their own terms. It’s all part of the FIRE movement, which seems to grow increasingly popular by the day.
Are you tired of paying so many bills that you can’t save enough fast enough to retire early?
When you want to have that freedom of options, you have to get rid of what is holding you back and that’s debt.
Once I paid off my debt, I had so many options in my life that I didn’t have before. I was able to quit my stressful job that had a pension and good benefits.
If I still had a ton of debt, I wouldn’t have had that option. I would have stuck it out in a job that I was burned out in just to pay bills.
With a lot of focus and motivation, we were able to pay off $45,000, in just 17 months.
There is no law requiring you work until retirement age. Technically, there is no law requiring you work at all. But, I will assume you have bills to pay and you work to live (or live to work). In the United States, the average retirement age is 65 for men and 63 for women.
The FI/RE Movement or Financial Independence / Retire Early Movement is for individuals who decide to pursue financial independence as early as possible. In this post, I will cover one way to define financial independence, how to calculate your own FI/RE Number, and how to accelerate your roadmap to FI/RE.