Girls That Invest
How Sim Plans to Retire by 40: The Financial Independence, Retire Early Method
Jun 17, 2024
Sim shares her plan to retire by 40 using the FIRE method, discussing her strategies like investing in shares, index funds, and real estate. They talk about the challenges of balancing spending and saving while pursuing early retirement.
22:35
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Quick takeaways
- FIRE method calculates yearly living expenses divided by 4% for required investments, aiming for financial independence.
- Investing in shares, index funds, and real estate with focus on consistent returns and balancing spending and saving challenges.
Deep dives
Understanding the FIRE Method for Early Retirement
The FIRE (Financial Independence Retire Early) method involves calculating the amount needed to live off each year, then dividing it by 4% to determine the required investment. This approach aims to create a sustainable income stream for retirement, ensuring financial independence by investing wisely and managing withdrawals thoughtfully.
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