FIRE Movement: Financial Independence, Retire Early

Get Into FIRE Movement: Financial Independence, Retire Early

[{"selector":"#anim-80ce7955-db90-4773-a880-0ef3246ef672 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(-31.246337776828504%, 0, 0) translate(-25%, 0%) scale(1.5)","translate3d(0%, 0, 0) translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"fill":"forwards"}] The primary goal of the FIRE movement is to aggressively save and invest (between 50 and 75 percent of your income) in order to be able to retire in your 30s or 40s.

[{"selector":"#anim-d15aca32-3278-461f-bd2f-a81188e65c5c [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(47.83707911352344%, 0, 0)","translate3d(0%, 0, 0)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] What We Can Learn From the FIRE Movement

[{"selector":"#anim-a6e4584f-3214-4b1c-a206-dbd34d973875 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(-55.372088031355574%, 0, 0)","translate3d(0%, 0, 0)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] Start dreaming and planning for retirement.

[{"selector":"#anim-75047e8c-4a0b-4dcc-a1a2-70fd77e7aa88 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(-21.874999829338588%, 0, 0) translate(-25%, 0%) scale(1.5)","translate3d(0%, 0, 0) translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"fill":"forwards"}] Find ways to keep your expenses low.

[{"selector":"#anim-912eb772-253d-4b74-953d-dceb89986719 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(43.563701723979314%, 0, 0)","translate3d(0%, 0, 0)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] Look for ways to boost your income.

[{"selector":"#anim-e96e6eef-bfd5-4cca-acea-eb518cdc6a8b [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(58.413461261445306%, 0, 0)","translate3d(0%, 0, 0)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] Make saving and investing a priority.

[{"selector":"#anim-0cee6822-db78-4cc5-b465-32f44aed9faa [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(70.69170646516902%, 0, 0)","translate3d(0%, 0, 0)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] The Roadmap to Early Retirement

[{"selector":"#anim-8efb48c3-3a10-4fc4-bcd6-b0d1e5a7949e [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(60.05572953891048%, 0, 0)","translate3d(0%, 0, 0)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] Step 1: Get out of debt and finish your emergency fund.

[{"selector":"#anim-0fbc976f-eb81-49b8-bad5-9d8cc6cbd4d0 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(39.23339827928693%, 0, 0)","translate3d(0%, 0, 0)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] Step 2: Invest 15% into tax-advantaged retirement accounts.

[{"selector":"#anim-edffbdc2-ea96-4a66-a1b6-c2451e0d445a [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(-43.028845969285555%, 0, 0) translate(-25%, 0%) scale(1.5)","translate3d(0%, 0, 0) translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"fill":"forwards"}] Step 3: Pay off your mortgage early.

[{"selector":"#anim-c584f625-01e2-4cb6-a4c4-13cde84683ee [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(54.693359120057096%, 0, 0)","translate3d(0%, 0, 0)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] Step 4: Invest beyond 15%—max out your retirement accounts.

[{"selector":"#anim-2c87654e-f483-4969-a35d-77e4bfbb806e [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(43.37439882351747%, 0, 0)","translate3d(0%, 0, 0)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] Step 5: Build a bridge account—open a taxable investment account.