When Can I Retire? is a question many have asked. There’s no perfect answer, because everyone has a set of unique circumstances that makes the answer different for them. But We can give you a ballpark answer to the question: When can I retire?
Save Your Money
Save Your Money
Arguably the foundation of all things personal finance is this very simple idea: save your money.
Nothing else is possible if you aren't able to do this one thing. If you can't save your money then you'll have no money to invest or to pay down debt.
The Foundation of FIRE
So if this idea is the foundation FIRE and it's simple to understand, then why is it so difficult for so many to save your money?
Most people are unable to save because of two reasons:
- They don't make enough money
- They spend too much of the money they make
How You Can Save Your Money
Thankfully the solutions to both of these problems are also quite simple. If you don't earn enough money to save, then you need to find a way to make more money.
If you are spending so much of your money that there isn't enough left for you to save, then you need to cut back your spending and possibly deflate your lifestyle.
Easier Said Than Done
The answers are simple, but actually following through is much more complex. We get that and somewhere on this website is an article that most likely addresses the complex issues that you're facing.
Browse around this site and find that article the get started strengthening your financial foundation.
They say money doesn’t make you happy, but I can’t fully agree. Who doesn’t want to reach financial freedom? I love money, and I believe it’s normal. We all work to earn. How else can you achieve financial freedom? However, money is not a goal; its an instrument to make your dreams come true, to live a fulfilled life, travel, be able to pay kids education and finally retire.
Money is simply a necessity like food or water, it helps you buy the things you need.
Earning more money isn’t an overnight thing. While it’s possible to get rich quick, you shouldn’t try it unless you’re willing to go broke or end up in jail. What you should attempt is to improve your financial situation a little bit each day. It takes time to diversify your income and to make more money, so get started today.
Here is a list of no nonsense ways to make more money.
These outdated financial rules were created by previous generations, but no longer hold true in today’s world.If you’re interested in achieving financial independence and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.
While it is true that money can’t buy happiness, it’s also true that not having money doesn’t do a lot of good to our mindset. One of the oldest and most popular debates, this topic seems to have the same number of yay and naysayers, but why is that?
One of the reasons may lie in the fact that a lot of people observe the matter of money as strictly black and white, when it’s, in fact, very gray. The fact of the matter is that money per se doesn’t necessarily have a strong effect on our overall well-being – it’s rather the things we choose to do with the money that have an effect on us. So, if you want to see how money can, in fact, improve your well-being, please read on.