The 5 Biggest Money Fears Keeping You from FIRE (and How to Overcome Them)

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Dec 10, 2024

Money anxiety is a shared struggle, even among those pursuing financial independence. Discover the five biggest fears that may hold you back, from worries about retirement savings to balancing frugality and enjoyment. Learn how much you really need to retire comfortably and whether the 4% rule still applies. Explore the housing market challenges and the pros and cons of renting versus buying. The debate on active versus passive real estate investing sheds light on maximizing returns, all while ensuring you enjoy life on your journey to financial freedom!

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ADVICE

Frugal Living and Values

Define your own version of frugal and align it with your values.
Don't deprive yourself purely for saving's sake; enjoy the journey.

INSIGHT

Retirement Planning and the 4% Rule

The 4% rule offers a starting point for retirement planning, but personal needs and circumstances will vary.
Continuously re-evaluate your FIRE number as your life evolves.

ANECDOTE

Testing the 4% Rule

Bryce and Christie from Millennial Revolution tested the 4% rule by withdrawing 4% annually for 10 years.
After 10 years, their portfolio had grown, proving the rule's effectiveness.

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