Camp FIRE Finance
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.
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.
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.
The Rule of 25, also know as the Multiply by 25 Rule, attempts to define how much money you’ll need to save for your retirement. Not surprisingly, based on the name of the rule, that amount is 25 times your annual expenses (not income).
Not long ago I was looking over my expenses when I had a financial epiphany of sorts. It was about the true retirement costs of my spending habits.
I recently wrote a post about how I’m going broke from eating out. In that post I tried to quantify just how expensive my +$6,000 per year dining out habit really is, and this is what I came up with: not only do I spend over $6,000 per year eating out, but maintaining that habit in retirement means that I need to boost retirement accounts by $150,000.
Saving a large percentage of your income, like more than 50% of it, is often preached as a requirement necessary to reach financial independence and retire early.
That’s Nonsense. FIRE is for everyone, regardless of income.
If you’re fixin to boil a frog, one popular technique warns against dropping the critter into a pot of boiling water. Not surprisingly, a frog will immediately hop out of a pot of boiling water. #shocking
