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Achieved lean FIRE, cut down on all frills, doing very limited paid work. Just enough to eke out living without dipping into my corpus. In third year of slow life at 55. Loving it.
At 48 years old. I thought I could work forever. Once I hit 45 I was DONE. So if you are young, remember that you will be in another stage of life and what you love doing now could become your nightmare.
Straight facts. There’s other reasons beyond burnout, that can force someone out of the workforce too. Mind those possibilities, too. I hope catch a second wind, if that’s what yiu even want, bonespros ;)
delayed gratification examples: 1) drive your car until it dies. not the A/C dies. you suffer through a few windows down summers. 2) no more restaurants. cook at home for all special occasions. I find everyone likes my cooking more than any place we've been. don't know how to cook? you'll learn after awhile.
I don't ever want to go to another eat out restaurant again. With everyone expecting you to tip them a light bill, pay half their rent, or fill up their gas tank for a cheese burger, fries, and drink order.
Lol this one made me chuckle! I work in a restaurant and we are able to take food home. I get jokes that I must have some deep freezer because I take so much food home! I've got my freezer stocked with food. As of June 25, 2023, I have not had to take a full grocery trip since like October 2022!! Saves so much money!
I was thinking about something like the 5-4-3 percent fire. Where you save and work until 5%rule, go down in time and/or contributions until 4% rule, let it simmer for a year or two, reach 3% rule and then safely FIRE fully (meaning working oddjobs, hobbies, volunteer etc. noone should aim for total avoidance of productivity, this is also only a tiny contribution to expenses, maybe only used as gifts to family/kids, perhaps as gifts to the kids to start their investments?) with a growth of 7% average this only takes 4-6 years. more gradual slowing down, less stress about finding good deals on purchases like house, more flexible in avoiding a very bad market year to start fire, and the 3% rule is much safer. i bet this also makes it easier to keep network from work going, perhaps keeping a door open to easily work oddjobs for high pay? keep colleeges as friends? whatnot.
Barista fire is what I want! My company is very generous with 401k and I hammer my brokerage…. I look forward to the day where I can stock shelves at a grocery store 3-4 times a week and not have to think about work 24/7 like I do now. That’s my ultimate goal
@@unashamedly1776 heck! I’d probably get better health care benefits in jail 😂 I kid of course. I have a high stress job with lots of travel so can wait to call it a career!
Living below ones means is difficult but necessary. I've made lots of money mistakes but I've learnt from them. I have 25% of my capital in an IRA, 20% in index funds, and the balance in other investment accts in cumulative of 440k. I receive income from rental property too. Took me a while to get here though. Ever heard of ferrochrome financial securities ?
What most people consider "Fat FIRE" is better described as "Fancy FIRE". You can live a fat life, with enough money to buy whatever it is you want, without wanting fancy things. ✌🌱
i plan to "retire" at 55 (42 now). I'm an it-consultant for (Cyber) Security here in northern Germany. i work in direct contact with customers by doing workshops or doing the technical stuff myself. I enjoy doing that. in times like today where i have my first day off this year i realize how stressfull this job is and where i ask myself if i can do that til i'm old. So i set an age where i plan to retire. I'm pretty sure doing nothing is not an option ;-) ... So barista it is or will be (i hope) Schöne Grüße an deine Frau aus dem Norden des Landes (Bremen). Hoffe Sie ist wohl auf. Dufften Typen hat Sie sich geangelt. Kuss 😀 Wünsch euch das Beste.
Is starting at 38 too late for dividend investing even with a 10k portfolio adding 200$ a month. I’m losing my initial confidence . But I don’t want tooo ! I love the drip
It's not too late. Get started, and through the journey, start to optimize your lifestyle and costs. Dividend snowball is a real thing. Your dividend rate will increase surprisingly fast
Achieving FIRE would be great. However, we are aiming for FI by retirement if possible. Despite all the talk about retiring early, I've found that early retirement isn't really what I'm looking for. I'm looking for a lifestyle I enjoy, and it doesn't have to mean retirement.
I think I am heading towards Barista FIRE. I plan on retiring in 2 years, at 55. I have earned a pension and collecting dividends will be my side hustle.
Great content and an excellent summary of the FIRE ladder. This one is getting saved to my “vids for the kids” folder for sure! ✅ I like to think of it as a sprint, jog, walk approach as you progress through life. You need to be saving aggressively and increasing your income as much as possible in your 20s when time is doing the heaviest lifting for you. As you get to your 40s and 50s, hopefully you have hit FI and and throttle back as you see fit depending on family, professional and personal goals. Those goals will be different for everyone, so the retire early part will differ, but I don’t know of a single person who would feel bad being FI at 45.
100%!! I really like the sprint, jog, walk way of looking at it. Looking back and this whole process these 7 years.. the days and weeks were long but the years were so short...
Coast FIRE sounds like an approach I'm considering. I've been investing more than 25% of my salary for close to a decade, but I'm ready to focus more on living, and let what I've already invested compound.
Either Barista or Lean FIRE. The big advantage that you have with the military is if you are in the reserves, you get VERY affordable healthcare.. I nearly decided to join the airforce reserves just to get cheaper healthcare...
Hit Lean FIRE a month ago. Paid off our home and have a 6 figure business. Feels good but making me anzy because I need a challenge. Have enough cash for a down payment on a rental property nearby. Wondering if this is a wise choice. Will pretty much not cash flow but will cover itself and is in an area where growth is guaranteed. Looking for more wisdom.
I just had the same realization about two months ago. I switched a few jobs since I graduated from college, and finally I realized work is a mean for me to just make enough money to retire. I just don’t see myself can love a job, so every dollar I put into investment I am one small step forward to my retirement goal (thought I still need to figure out how much I should save). Since I realized that point, every time I am about to make a purchase I would run that realization in my head and ask myself if it’s really worth the purchase. Definitely helps me save money even more!
Another point I wanna make is that having a healthy body is the best asset imo. If I stay healthy when I am older, I will have more money allocated to non-health related expenses! 😊
Personally i don't want to retire early. What motivates me is the F.I. part of fire. The knowledge of knowing you are never stuck in a toxic situation, or if you want to take a break and travel for 6 months you can. Knowing that you are independent to make your own choices without losing everything is where it is at.
Hi Jake! I'm a Canadian investor and was wondering if I could book maybe a 1 on 1 with you, there arent many good growth U.S dividend stocks but i really want to starting putting DGRO into my RRSP, I am 29 Y/o and most of my allocation is in VEQT, VFV, VDY, XEI. VDY and XEI are both great canadian didvidend etfs however they aren't extremely diversified, whereas holding something like VFV AND DGRO will probably bettter suit me longterm as I have a long time horizon. The conversion fee is 1.5% on the buy and 1.5% on the sell, however I'm okay with paying a bt of FX fees for the ability to hold something my DGRO or SCHD. I'll also mention this will be in x tax sheltered account. Anything helps, thanks!
Fat fire😋😂... stop fat shaming my portfolio😂.. Jk jk.... I guess I'm somewhere between Optimizer and lean, but not sure... my thing is is I want to cover my basic living expenses a pension from the VA (military), I want that money so I can use it for travel and other discretionary things... but I'm not really sure how much my living expenses are going to be down the road in 8 years, guess it depends on when my kids move out and become independent😂
Hey Jake, great video. Im not a member of the fire movement or reddit or anything and I like that you're talking about it. The little I know about it is basically buy vti and chill, so seeing it from a dividend investor POV is really cool to me. By the way, in one of my business I thought about you this week, I said to myself, man, Jake would thrive in this area...
Man you think having body pains in your 30’s is bad, wait till you hit your 60’s 😂😂😂 I get what your saying. Now in my early 60’s, I never used to think about retirement till now. Being self employed does give me some freedoms that I normally wouldn’t have so freely if I worked for an employer. I enjoy meeting my clients and that is one reason not to retire. But to say I want to work to 85 as my dad did or 82 like my GF did in this business, no I’d rather not. And with each passing year, work gets a little harder as I am a little older. But I do enjoy what I do. With retirement there is always the fear of the unknown. Like, Whether I would have enough to retire on? I live conservatively but I enjoy my lifestyle so I feel I should keep working and earn it while I can, there will come a day when it will be time. So for now, all these FIRE options you state, I’d probably have some sort of hybrid of the types you mentioned. You at least keep me thinking that there will be a solution to what happens. You give me options to ponder. Thanks for your weekly videos.
lol I can hear the little violin playing when I read that about the back pain. My dad is in his 70s and he still is doing all the DIY for his rental properties. For him he would be depressed if he sat around and did nothing. In fact, I think it keeps you healthier both physically and mentally when you are active longer.
I didn't quite catch the difference between regular, lean and fat. They sound kinda the same. But apparently I'm the lean type. Technically I embarked on my fire journey only recently this year. I'm doing great.
@@DividendGrowthInvesting well, in my case I could be spending 50% more pretty easily but I do not allow myself to do so. I spend as much as 20% of my monthly income a month. The rest 80% goes for my FI. It goes without saying that it makes a lot of difference: 60% or 80%. In the long perspective it's 3-4 years difference in how early I'm gonna be FI.
Thank you for the information!! I’m really new at this, so I was wondering how could someone put 200,000 dollars in a retirement account in a limited time (age 20 to 30 like in the example) if there are rules about how much you can contribute in a year? Am I missing something?
interesting content. Many people in my circle want to retire early at 30-35. And I see more and more people doing this. My doubt is what happens when a critical mass of people want to retire at 30-35 via investing in the stock market? Do you have a take on this? its a huge topic and need to consider many points
@@DividendGrowthInvesting thanks for the reply. I hope not many people start FI since its taking workers from Production lines, so less Production and even more inflation will come. So the FI needs to be really Fat for the current people looking to retire
Thank you so much for defining what I’m doing! I’m definitely going for barista fire, I call it delivery fire! I delivered pizzas in college and it was fun. I’ve got about a 300k portfolio that hopefully in a few years will help me retire!
Coast FIRE is my goal. I'm aggressively investing in my 401k along with my company match. Hoping to land a 100k balance ASAP and then reduce my investment percentage there down to 15%. Currently doing 25%. Then going to aggressively pivot to investing in my dividend portfolio. Hoping by 30 or 35 I'll have a solid nest egg sitting around ready to grow for me by the time I actually retire.
future jobs needs to be flexible and most of all it needs to be half physical half sedentary. noone should do the same day in day out, no matter what it is. this is the only thing that is worth using technology and "advancement" for in society. nothing else benefits the population (1% does not count as population). this removes the need for FIRE. Keeps people healthy happy and working. FIRE is unsustainable and a huge net loss, but so is idiotic slavelabour and an increasingly degenerate unhealthy population. unworthy of our ancestors. But for now FIRE makes people more free to stop waiting for the moronic bureacracy to do this nobrainer and do it ourselves.
Which stage are you working towards?
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Achieved lean FIRE, cut down on all frills, doing very limited paid work. Just enough to eke out living without dipping into my corpus. In third year of slow life at 55. Loving it.
Awesome! All the best
At 48 years old. I thought I could work forever. Once I hit 45 I was DONE. So if you are young, remember that you will be in another stage of life and what you love doing now could become your nightmare.
Straight facts. There’s other reasons beyond burnout, that can force someone out of the workforce too. Mind those possibilities, too.
I hope catch a second wind, if that’s what yiu even want, bonespros ;)
Wise words!
delayed gratification examples:
1) drive your car until it dies. not the A/C dies. you suffer through a few windows down summers.
2) no more restaurants. cook at home for all special occasions. I find everyone likes my cooking more than any place we've been. don't know how to cook? you'll learn after awhile.
Yup!!! I really like meal prepping. It saves so much money!
I don't ever want to go to another eat out restaurant again. With everyone expecting you to tip them a light bill, pay half their rent, or fill up their gas tank for a cheese burger, fries, and drink order.
Never seen them broken down like this. Now I know that what I’ve been wanting is Barista Fire. Thank you!
Glad I could help!
You sound so genuine! I’m happy barista fire is working for you!
Lean 🔥 is fat 🔥 in the Philippines, Thailand, Panama, Mexico, Colombia, Vietnam, Bali, Jamaica, or the Dominican Republic
I get tempted everyday to sell everything and move to Panama!! I'm visiting Panama in January!!
Very helpful overview. Thanks.
this is a gem 💚
this videos was needed
Lean fire kinda dude. I'm stocking my freezer full of home grown vegetables, l grew. I live in the woods. It's 15 miles to the nearest grocery store.
Sounds so peaceful! I would much prefer that than living with someone on top and below me in a big apartment complex in the city!
Lol this one made me chuckle! I work in a restaurant and we are able to take food home. I get jokes that I must have some deep freezer because I take so much food home! I've got my freezer stocked with food. As of June 25, 2023, I have not had to take a full grocery trip since like October 2022!! Saves so much money!
Amazing content
Now I gotta grow this mentalty if I really wanna retire at my fourties to mid fourties
I was thinking about something like the 5-4-3 percent fire. Where you save and work until 5%rule, go down in time and/or contributions until 4% rule, let it simmer for a year or two, reach 3% rule and then safely FIRE fully (meaning working oddjobs, hobbies, volunteer etc. noone should aim for total avoidance of productivity, this is also only a tiny contribution to expenses, maybe only used as gifts to family/kids, perhaps as gifts to the kids to start their investments?)
with a growth of 7% average this only takes 4-6 years.
more gradual slowing down, less stress about finding good deals on purchases like house, more flexible in avoiding a very bad market year to start fire, and the 3% rule is much safer.
i bet this also makes it easier to keep network from work going, perhaps keeping a door open to easily work oddjobs for high pay? keep colleeges as friends? whatnot.
I like that way of looking at it. It just shows that there are many paths that can work.
this is the best explanation on FIRE so far......thanks
Glad it was helpful!
Great content. Lean FIRE, enjoy the ride of life. 😎
Can be a great option!!!
So helpful
Glad it was helpful!
We got to regular fast having an income suite attached to our house. No housing expenses at all. Also pays our phone, internet, auto insurance, etc.
Hi, not sure why there are two already, but I’m continuing the trend.
lol hi :D
Barista fire is what I want! My company is very generous with 401k and I hammer my brokerage…. I look forward to the day where I can stock shelves at a grocery store 3-4 times a week and not have to think about work 24/7 like I do now. That’s my ultimate goal
Hopefully you’re going to “stock” grocery shelves, too many “stalkers” nowadays 😂
(Just kidding)
@@unashamedly1776 it was my first job lol. Stalking people doesn’t come with health care benefits, ha!
@@o0usf0o Lol, probably negative health benefits if they catch you
@@unashamedly1776 heck! I’d probably get better health care benefits in jail 😂 I kid of course. I have a high stress job with lots of travel so can wait to call it a career!
@@o0usf0o Same. I'm always gone, can't wait to spend more time with the family
Hey Jake, thanks for straight to the point content.. liking the flow of these videos..🙌🏾
Thanks for watching!!!
Living below ones means is difficult but necessary. I've made lots of money mistakes but I've learnt from them. I have 25% of my capital in an IRA, 20% in index funds, and the balance in other investment accts in cumulative of 440k. I receive income from rental property too. Took me a while to get here though. Ever heard of ferrochrome financial securities ?
What most people consider "Fat FIRE" is better described as "Fancy FIRE". You can live a fat life, with enough money to buy whatever it is you want, without wanting fancy things. ✌🌱
I'm a 60% stocks and reits/ 40% bonds and cash Fire.
That will make your overall returns much smoother with so much in Bonds.
i plan to "retire" at 55 (42 now). I'm an it-consultant for (Cyber) Security here in northern Germany. i work in direct contact with customers by doing workshops or doing the technical stuff myself. I enjoy doing that. in times like today where i have my first day off this year i realize how stressfull this job is and where i ask myself if i can do that til i'm old. So i set an age where i plan to retire. I'm pretty sure doing nothing is not an option ;-) ... So barista it is or will be (i hope)
Schöne Grüße an deine Frau aus dem Norden des Landes (Bremen). Hoffe Sie ist wohl auf.
Dufften Typen hat Sie sich geangelt. Kuss 😀
Wünsch euch das Beste.
Moin!
Retiring at 55 is still much earlier than the majority of Germans!
Meine Frau kommt aus Kiel. VG aus Texas!
I think mine is barista fire 🔥
Is starting at 38 too late for dividend investing even with a 10k portfolio adding 200$ a month. I’m losing my initial confidence . But I don’t want tooo ! I love the drip
It's not too late. Get started, and through the journey, start to optimize your lifestyle and costs. Dividend snowball is a real thing. Your dividend rate will increase surprisingly fast
I use dividends to supplement my income! I don’t want to retire early.
So, you stopped investing and spend dividends to supplement you income?
Achieving FIRE would be great. However, we are aiming for FI by retirement if possible.
Despite all the talk about retiring early, I've found that early retirement isn't really what I'm looking for. I'm looking for a lifestyle I enjoy, and it doesn't have to mean retirement.
Barista FIRE should be called Uber FIRE because that's what a lot of people do nowadays anyways.
I think I am heading towards Barista FIRE. I plan on retiring in 2 years, at 55. I have earned a pension and collecting dividends will be my side hustle.
Barista FIRE has a lot of benefits! It keeps you busy and you are still being productive and staying busy.
I agree.
Great content and an excellent summary of the FIRE ladder. This one is getting saved to my “vids for the kids” folder for sure! ✅
I like to think of it as a sprint, jog, walk approach as you progress through life. You need to be saving aggressively and increasing your income as much as possible in your 20s when time is doing the heaviest lifting for you. As you get to your 40s and 50s, hopefully you have hit FI and and throttle back as you see fit depending on family, professional and personal goals. Those goals will be different for everyone, so the retire early part will differ, but I don’t know of a single person who would feel bad being FI at 45.
100%!! I really like the sprint, jog, walk way of looking at it. Looking back and this whole process these 7 years.. the days and weeks were long but the years were so short...
Coast FIRE sounds like an approach I'm considering. I've been investing more than 25% of my salary for close to a decade, but I'm ready to focus more on living, and let what I've already invested compound.
The peace of mind that comes with knowing you reached coast fire is amazing!
24 year old i make 75k a year and i wanna retire at 30-35 where do i start
Is that your portfolio on screen in the beginning? Where did that ~$400,000 windfall come from?
Sold a rental property
@@DividendGrowthInvestingsweet, great content in this vid!
What category would you put for someone who is in the military?
Either Barista or Lean FIRE. The big advantage that you have with the military is if you are in the reserves, you get VERY affordable healthcare.. I nearly decided to join the airforce reserves just to get cheaper healthcare...
@@DividendGrowthInvesting thank you! I’m currently in the Army. Just recently started investing within the last year. Definitely love the content!
@@djholland5324 In this case, if you are not living off your investments, you would be considered pursuing regular fire at this point.
Don’t forget about the pension especially if you’re active duty. I know reserves sucks and you have to wait until your late 50’s.
@@CFH298 yes I am active duty
Hi
hi there :)
Hit Lean FIRE a month ago. Paid off our home and have a 6 figure business. Feels good but making me anzy because I need a challenge.
Have enough cash for a down payment on a rental property nearby. Wondering if this is a wise choice. Will pretty much not cash flow but will cover itself and is in an area where growth is guaranteed. Looking for more wisdom.
Hey, I saw that my company had openings for software folks. I am not sure if you (or someone else is interested)
Apprecaite you commenting that! Right now I'm focused 100% on this new chapter, but maybe there are others out there interested.
@DividendGrowthInvesting sounds good, it is a good community of people
I just had the same realization about two months ago. I switched a few jobs since I graduated from college, and finally I realized work is a mean for me to just make enough money to retire. I just don’t see myself can love a job, so every dollar I put into investment I am one small step forward to my retirement goal (thought I still need to figure out how much I should save). Since I realized that point, every time I am about to make a purchase I would run that realization in my head and ask myself if it’s really worth the purchase. Definitely helps me save money even more!
Another point I wanna make is that having a healthy body is the best asset imo. If I stay healthy when I am older, I will have more money allocated to non-health related expenses! 😊
so true!!
I’m on the 30 year plan with the military lol. Hopefully I can reach lean fire at 55 where I’m good with my pension and dividends.
55 is still a decade earlier than the "average" retirement in the US.
@@Big_Jims_American_Dream thanks!
@@DividendGrowthInvesting true I’ll be 48 with 30 years in so I’ll have a few years before 55 where I’ll have to figure out something to do.
Personally i don't want to retire early. What motivates me is the F.I. part of fire. The knowledge of knowing you are never stuck in a toxic situation, or if you want to take a break and travel for 6 months you can. Knowing that you are independent to make your own choices without losing everything is where it is at.
I competely agree! It comes down to having F you money. Being able to control what you do on your terms instead of on someone else's terms.
💯
Exactly, living without the anxiety of pay check to pay check, debts, etc. is priceless. Living without a purpose and/or motivation is not !
Hi Jake! I'm a Canadian investor and was wondering if I could book maybe a 1 on 1 with you, there arent many good growth U.S dividend stocks but i really want to starting putting DGRO into my RRSP, I am 29 Y/o and most of my allocation is in VEQT, VFV, VDY, XEI. VDY and XEI are both great canadian didvidend etfs however they aren't extremely diversified, whereas holding something like VFV AND DGRO will probably bettter suit me longterm as I have a long time horizon. The conversion fee is 1.5% on the buy and 1.5% on the sell, however I'm okay with paying a bt of FX fees for the ability to hold something my DGRO or SCHD. I'll also mention this will be in x tax sheltered account. Anything helps, thanks!
There is a link in the description to book time with me in my review my pie videos. Sounds like an interesting conversation.
@@DividendGrowthInvesting I don’t see a link to book a session, just M1 finance link, seeking alpha premium, and your dividend growth portfolio
Fat fire😋😂... stop fat shaming my portfolio😂.. Jk jk.... I guess I'm somewhere between Optimizer and lean, but not sure... my thing is is I want to cover my basic living expenses a pension from the VA (military), I want that money so I can use it for travel and other discretionary things... but I'm not really sure how much my living expenses are going to be down the road in 8 years, guess it depends on when my kids move out and become independent😂
Hey Jake, great video. Im not a member of the fire movement or reddit or anything and I like that you're talking about it. The little I know about it is basically buy vti and chill, so seeing it from a dividend investor POV is really cool to me. By the way, in one of my business I thought about you this week, I said to myself, man, Jake would thrive in this area...
Hey Fabi! Thanks man! What part of the US do you live?
@@DividendGrowthInvesting hey Jake, im in Florida. Have you made your move or too soon?
@@fabiGBOtown moving this next week
Man you think having body pains in your 30’s is bad, wait till you hit your 60’s 😂😂😂 I get what your saying.
Now in my early 60’s, I never used to think about retirement till now. Being self employed does give me some freedoms that I normally wouldn’t have so freely if I worked for an employer.
I enjoy meeting my clients and that is one reason not to retire. But to say I want to work to 85 as my dad did or 82 like my GF did in this business, no I’d rather not. And with each passing year, work gets a little harder as I am a little older. But I do enjoy what I do.
With retirement there is always the fear of the unknown. Like, Whether I would have enough to retire on?
I live conservatively but I enjoy my lifestyle so I feel I should keep working and earn it while I can, there will come a day when it will be time.
So for now, all these FIRE options you state, I’d probably have some sort of hybrid of the types you mentioned. You at least keep me thinking that there will be a solution to what happens. You give me options to ponder. Thanks for your weekly videos.
lol I can hear the little violin playing when I read that about the back pain. My dad is in his 70s and he still is doing all the DIY for his rental properties. For him he would be depressed if he sat around and did nothing. In fact, I think it keeps you healthier both physically and mentally when you are active longer.
I didn't quite catch the difference between regular, lean and fat. They sound kinda the same. But apparently I'm the lean type. Technically I embarked on my fire journey only recently this year. I'm doing great.
Fat FIRE you have significantly more left over each month/year that you can spend on discretionary things.
@@DividendGrowthInvesting well, in my case I could be spending 50% more pretty easily but I do not allow myself to do so. I spend as much as 20% of my monthly income a month. The rest 80% goes for my FI. It goes without saying that it makes a lot of difference: 60% or 80%. In the long perspective it's 3-4 years difference in how early I'm gonna be FI.
Not sure exactly, but regular probably means no food, car or local entertainment budget. Lean talks a lot about food and a beater car.
Love the friendly reminder guy! He has it (assumingly) figured out 🤩 (it being the key to a happy and fulfilled life)
I really enjoy watching him! He has some great videos on instagram!
Thank you for the information!! I’m really new at this, so I was wondering how could someone put 200,000 dollars in a retirement account in a limited time (age 20 to 30 like in the example) if there are rules about how much you can contribute in a year? Am I missing something?
You could invest 19k or so in a 401k + your employers match and then roll over/convert it into a Roth IRA plus the 6k each year
interesting content. Many people in my circle want to retire early at 30-35. And I see more and more people doing this. My doubt is what happens when a critical mass of people want to retire at 30-35 via investing in the stock market? Do you have a take on this? its a huge topic and need to consider many points
I believe humanity is more interested in spending than saving so I don't think we will ever see this shift entirely in our life times.
@@DividendGrowthInvesting thanks for the reply. I hope not many people start FI since its taking workers from Production lines, so less Production and even more inflation will come. So the FI needs to be really Fat for the current people looking to retire
Thank you so much for defining what I’m doing! I’m definitely going for barista fire, I call it delivery fire! I delivered pizzas in college and it was fun. I’ve got about a 300k portfolio that hopefully in a few years will help me retire!
I've heard of many people who are in a similar boat!
Coast FIRE is my goal. I'm aggressively investing in my 401k along with my company match. Hoping to land a 100k balance ASAP and then reduce my investment percentage there down to 15%. Currently doing 25%. Then going to aggressively pivot to investing in my dividend portfolio. Hoping by 30 or 35 I'll have a solid nest egg sitting around ready to grow for me by the time I actually retire.
future jobs needs to be flexible and most of all it needs to be half physical half sedentary. noone should do the same day in day out, no matter what it is. this is the only thing that is worth using technology and "advancement" for in society. nothing else benefits the population (1% does not count as population).
this removes the need for FIRE. Keeps people healthy happy and working. FIRE is unsustainable and a huge net loss, but so is idiotic slavelabour and an increasingly degenerate unhealthy population. unworthy of our ancestors.
But for now FIRE makes people more free to stop waiting for the moronic bureacracy to do this nobrainer and do it ourselves.
I haven't worked a 9-5 all year and it feels amazing! I will never go back to working a 9-5 job ever!
Reinvestere dividens to speed up
Hi
hi :)