These outdated financial rules were created by previous generations, but no longer hold true in today’s world.If you’re interested in achieving financial independence and early retirement then you need to consider breaking these 5 outdated financial rules.
Anyone that has ever dreaded going into work has dreamt about retiring early. It's safe to assume that nearly everyone has fantasized about taking their job and shoving it.
Take This Job and Shove It
While that sounds great, an early retirement isn't a good idea unless you've taken the time to set yourself up for success.
What you'll find here are articles, podcasts, videos and other kids of content that will help you create a strategy to retire early. Regardless of where you're at on your financial journey, we've got you covered. Browse around for amazing content that will help you create a rock solid plan to retire early.
Early Retirement Plan
Any successful retiree needs one thing: a financial portfolio that will last longer than you. Take a look around this site for content that will help you build a portfolio that will allow you to reach financial independence and retire early.
Mike Tyson once said “everyone has a plan till they get punched in the face.” The opposite was true for me. It took a solid punch to the face for me to wake up and realize that I needed a plan. This is the story of how my 14 months of extended unemployment led me down a path to financial independence and early retirement.
Who Can FIRE?
You may have heard that FIRE is only for the wealthy. Unfortunately that narrative seems to be gaining a bit of steam and that’s too bad, because it’s a load of crap.
Sure the wealthy will be able to achieve financial Independence faster than everyone else, but the speed at which someone else achieves their financial goals has zero impact on what you’re trying to accomplish.
FIRE might be easier to reach for the well-to-do, but it offers something for everyone, regardless of their income, and anyone that says otherwise doesn’t fully understand The FIRE Movement.
Who doesn’t want to get rich quick then ride off into the sunset to live the life of their dreams? I do – that would be awesome! And based on the Google search results that drive people to this website, I’m not alone either. Here’s the good news/bad news reality: it is possible to get rich quick. But you shouldn’t spend much time or money trying.
As more people become aware of and join the FIRE movement, the definition of FIRE continues to evolve. So just exactly what does FIRE stand for in finance terms? Well, that really depends on who you ask.