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FI, Not FIRE

Motley Fool Money

The Good Time to Focus on FIE

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The typical number that most people in the FIE movement throw out is that they want to save about 25 times their annual spending so that they can achieve financial independence. Now is a really good time to revisit that calculation because if you can withstand a 20% hit and you can still hit your FIE targets, that is a much better time to do so. The more conservative you can be with your assumptions, the more you can withstand the shocks that we've seen in the markets.

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