Q&A: Financial independence, retire early (FIRE)—what’s up with that?

Notes from Chris

Episode 1267

Financial independence, retire early—it’s called FIRE, and it’s a trend that’s not going away.

A lot of people are interested in this concept of saving a high percentage of their income, being extremely frugal, and retiring early, sometimes at the age of 40 or even 35 or earlier.

A listener wants to know how Side Hustle School fits into this model or vice versa or are they compatible at all. As part of my answer I’ll give you my #1 and #2 tips if you’re interested in FIRE.

"Hi Chris, this is Barry from Milwaukee and I recently found your show and have been enjoying the content. Can you talk briefly about FIRE; financially independent, retire early. How does Side Hustle School fit into that concept? I’ve been reading a lot about the FIRE movement and I love the idea of being able to retire in my late thirties or early forties, and I’ve started saving at least 30% of my income with the goal of making that happen. What do you thing about the FIRE concept, and how does Side Hustle School fit into it … or does it? "

Listen to today's episode to learn more...

 

 

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SEE ALSO:

• Target Store Manager Makes $45,000 Per Month Writing a Blog: A college student starts a blog, grows it for 7 years while he works full-time at Target, and now makes more than half a million dollars a year.
• Financial Blog Sprouts into $35,000/Month Money Tree: A registered nurse and financial manager start a blog for millennials. After a rough beginning, they figure out their audience and go on to earn tens of thousands of dollars a month.
• JP Morgan Employee Starts “Money Therapy” for Millennials: She leaves her job to join a startup, then starts a business of her own—and then starts a side hustle to fund the business. Did you get all that? If not, just listen to hear how she earns $250/hour on the side.

Inspiration is good; inspiration combined with action is better. Now get back to work!

Yours in the revolution,