I’m on track to retire at the age of 45! Are you? Whether you are new to the FIRE movement or have been on the path for awhile, being smarter with your money is never a bad thing. For many, saving, investing, and managing money is difficult. It doesn’t have to be! By following the steps I’ve outlined below, financial independence and a healthy relationship with money is possible. So, if you’re tired of owning more money than you make, want to retire before you’re too old to enjoy life, or just want to be better with managing money in general, you’ve come to the right place.
These are the six steps I follow in my pursuit of FIRE. Use these as a starting point to get on the path to financial independence!
Path To Fire If you’re new to the FIRE (Financially Independent, Retire Early) movement, welcome! Deciding to learn more about FIRE is a great start. Reaching FIRE is an amazing accomplishment. After starting my journey to FIRE, I found the parts in between...
Educate yourself To obtain FIRE at any age, you will need to educate yourself. In this post, my goal is not to attempt to educate you on all things related to money and finance. Instead, my objective is to open your eyes to just how much there is to learn. From...
Planning If you are going to achieve FIRE, you need a solid plan. Here is an example of how NOT to go about a plan. Step 1 - decide to retire early. Step 2 – save every penny you can. Then – live a miserable life in hopes that one day you can enjoy something...
Mindset Mindset makes a difference! We have some friends that are constantly buying the latest and greatest everything. If you’re familiar with the term, keeping up with the Joneses, these friends truly embody this phrase. From the newest phone to the fancy...
Accountable Let me cut right to the chase. Being accountable on your path to FIRE is the one step that will make or break you. You educated yourself, set your goals, changed your mindset, and now the grind of everyday life sets in. I get it, you were excited. You...
Review Set it and forget it isn’t an approach that I find effective when it comes to achieving FIRE. A regular review is definitely needed. For me, things change constantly with our expenses and even our income. As part of my income is based on company...
Adjust This year, we had to put new windows in our house. The original windows in the house made it nearly 30 years and after we replaced a few panes of glass over the last two years, it was time. In my original plan to achieve FIRE, new windows at an $18,000 cost...
