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The Financial Independence Retire Early movement benefits from a long-term mindset. For many investors, this equates to concepts like time in the market, dollar-cost averaging, and militant budgeting. And, yes, there's a time and place for all three of these strategies. However, by only focusing on the numbers, we skip a crucial truth: we're only human.
In this chapter, Sarah from Keepin' It Frugal covers how to play the long game on your FIRE journey. Part of this involves the use of time-tested investing tactics, like tracking the right stats and ignoring the punters.
But beyond the spreadsheets and data, it requires a bit of perspective and a lot of self-care. This includes marking your wins, slowing down to smell the roses, and learning whilst you work towards your goals.
By this chapter's end, you won't only feel more equipped to reach FIRE; you'll also have some ideas of what to do until you get there.
Pearler
Strong Money Australia
Original Aussie FIRE e-book
Strong Money Australia’s audiobook
Disclaimer
Any advice is general and does not consider your financial situation needs, or objectives, so consider whether it’s appropriate for you. You should also consider seeking professional advice before making any financial decision.
Pearler is an Authorised Representative #1281540 of Sanlam Private Wealth Pty Ltd AFSL #337927. Read the FSG available from https://pearler.com/financial-services-guide
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