As a mom entrepreneur, I don’t want to work until I’m 65 years. I want complete control over my life and family. That is why I started working on my passive income years ago. And I look forward to retiring young and leaving my day job.
Watch the full episode of How to Retire Using the Financial Independence Retire Early FIRE Method?
How to Retire Using the Financial Independence Retire Early FIRE Method?
Nowadays, I can see many of my friends and family members working like dogs from 9 to 5 to earn a living. They are so stressed out and some of them even have health problems. I want to enjoy my life and I don’t want to face the same problems as them. That is why I want to take care of myself and retire early for my family.
FIRE stands for Financially Independent, Retire Early. The FIRE method of retiring young is a set of simple rules of money management which can help you retire in your 30s or 40s if you start early. The rules are:
1.) Save at least 50% of your income
2.) Always invest in stocks and high-interest savings
3.) Never buy a house or a car
You will retire young if you follow these rules according to the FIRE method.