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FIRE Movement Explained (4% Rule For Early Retirement)
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In this video, I will explain to you what is FIRE Movement and what is the 4% Rule and how you can use it to retire by 40.
FIRE stands for Financial Independence, Retire Early. The goal is to save and invest aggressively—somewhere between 50–75% of your income—so you can retire sometime in your 30s or 40s.
The general idea is that the higher your income and the lower your expenses, the faster you can reach financial independence.
The best thing about the F.I.R.E. movement is that it’s getting younger workers to start thinking about retirement. I know most of you watching this are still very young, but retirement will come to all of us, sooner and later and it’s better to be ready for it.
FIRE helps you define what you want your retirement to look like and make a plan to get there. FIRE movement followers take the time to look at where their money is going. They define wants and needs and cut out any spending that doesn’t make sense for them. They get on a budget and stick to it.
Whatever that looks like for you, additional income will play a major role in helping you take a step back from the workforce and enjoy an early retirement.
Keep in mind that even though the name says retire early, it’s really about financial independence. Those who embrace the FIRE movement wish to provide themselves with the financial freedom to avoid stressful situations related to money or being able to afford necessities in life. It’s also a way to give themselves the necessary padding to carry on their life through their later years. So FIRE isn’t really about sitting by the pool having drinks, it’s about creating security and independence at any age.
One frequently used rule of thumb for retirement spending is known as the 4% rule. It’s relatively simple: You add up all of your investments and withdraw 4% of that total during your first year of retirement. In subsequent years, you adjust the dollar amount you withdraw to account for inflation. By following this formula, you should have a very high probability of not outliving your money during a 30-year retirement according to the rule.
For example, let’s say your portfolio at retirement totals $1 million. You would withdraw $40,000 in your first year of retirement. If the cost of living rises 2% that year, you would give yourself a 2% raise the following year, withdrawing $40,800, and so on for the next 30 years.
The 4% rule assumes you withdraw the same amount from your portfolio every year, adjusted for inflation
▶️ Link To FIRE Calculator
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through any money, investing, finance, life, or career-related questions you might have
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✉️ CONTACT ME ✉️
⚡️ INSTAGRAM ⚡️
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▶️ TIMESTAMPS
0:00 FIRE Movement - Intro
0:39 What is the FIRE Movement?
1:16 How much should I save?
2:18 2 Essential Parts of FIRE
3:10 What I like about FIRE
4:00 3 Pillars of FIRE Movement
5:44 4% Rule For Early Retirement
6:44 FIRE Retirement Calculator
8:48 FIRE Movement - Conclusion
Disclaimer: I am not a financial advisor. This video, and the ideas presented in it, are for entertainment/educational purposes only and should not be construed as financial or legal advice. You, and only you, are responsible for your investment decisions.
Affiliate Disclosure: This description contains some affiliate links, meaning that I may earn a small commission if you click through and use these links (at no additional cost to you).
#firemovement #retireearly #4rule
In this video, I will explain to you what is FIRE Movement and what is the 4% Rule and how you can use it to retire by 40.
FIRE stands for Financial Independence, Retire Early. The goal is to save and invest aggressively—somewhere between 50–75% of your income—so you can retire sometime in your 30s or 40s.
The general idea is that the higher your income and the lower your expenses, the faster you can reach financial independence.
The best thing about the F.I.R.E. movement is that it’s getting younger workers to start thinking about retirement. I know most of you watching this are still very young, but retirement will come to all of us, sooner and later and it’s better to be ready for it.
FIRE helps you define what you want your retirement to look like and make a plan to get there. FIRE movement followers take the time to look at where their money is going. They define wants and needs and cut out any spending that doesn’t make sense for them. They get on a budget and stick to it.
Whatever that looks like for you, additional income will play a major role in helping you take a step back from the workforce and enjoy an early retirement.
Keep in mind that even though the name says retire early, it’s really about financial independence. Those who embrace the FIRE movement wish to provide themselves with the financial freedom to avoid stressful situations related to money or being able to afford necessities in life. It’s also a way to give themselves the necessary padding to carry on their life through their later years. So FIRE isn’t really about sitting by the pool having drinks, it’s about creating security and independence at any age.
One frequently used rule of thumb for retirement spending is known as the 4% rule. It’s relatively simple: You add up all of your investments and withdraw 4% of that total during your first year of retirement. In subsequent years, you adjust the dollar amount you withdraw to account for inflation. By following this formula, you should have a very high probability of not outliving your money during a 30-year retirement according to the rule.
For example, let’s say your portfolio at retirement totals $1 million. You would withdraw $40,000 in your first year of retirement. If the cost of living rises 2% that year, you would give yourself a 2% raise the following year, withdrawing $40,800, and so on for the next 30 years.
The 4% rule assumes you withdraw the same amount from your portfolio every year, adjusted for inflation
▶️ Link To FIRE Calculator
⭐️ BOOK A CALL WITH ME ⭐️
Let’s connect and I will be pleased to help you, mentor you or guide you
through any money, investing, finance, life, or career-related questions you might have
Schedule👇
💰 FAVOURITE MONEY PLATFORMS 💰
► Nexo
Get $25 worth of Bitcoin
► Ledger Wallet
Keep your Crypto safe with the industry-leading Hardware Wallet
► Curve Card
Get €5 plus 1% Cashback on everything for 30 days when you sign-up to Curve using my link
► Bondora
P2P Lending - Get 6.75% Interest on your money, withdraw anytime. Sign up with my link & get €5
✉️ CONTACT ME ✉️
⚡️ INSTAGRAM ⚡️
🔔 SUBSCRIBE 🔔
▶️ TIMESTAMPS
0:00 FIRE Movement - Intro
0:39 What is the FIRE Movement?
1:16 How much should I save?
2:18 2 Essential Parts of FIRE
3:10 What I like about FIRE
4:00 3 Pillars of FIRE Movement
5:44 4% Rule For Early Retirement
6:44 FIRE Retirement Calculator
8:48 FIRE Movement - Conclusion
Disclaimer: I am not a financial advisor. This video, and the ideas presented in it, are for entertainment/educational purposes only and should not be construed as financial or legal advice. You, and only you, are responsible for your investment decisions.
Affiliate Disclosure: This description contains some affiliate links, meaning that I may earn a small commission if you click through and use these links (at no additional cost to you).
#firemovement #retireearly #4rule
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