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23. What is FIRE (Financial Independence, Retire Early), & how do I calculate it?

Get Rich Slow Club

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Achieving Financial Independence Retire Early (FIRE)

The chapter explores the concept of Financial Independence Retire Early (FIRE) through saving, budgeting, and investing to generate passive income, allowing individuals to retire early. It delves into investment strategies like ETFs and property, safe withdrawal rates, and the importance of portfolio allocation between shares and bonds. The chapter also covers various approaches to FIRE, emphasizing the significance of the savings rate in determining when one can retire.

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