The article I read on this topic was called The Basics of FIRE (Financial Independence
and Early Retirement) FIRE is having the freedom to decide whether or not
you’d like to continue working. This focuses less on the actual early
retirement part of things and more on the financial independence. To achieve
financial independence it takes a lot of time and dedication.
“Early retirement is less for people who hate their jobs and
more for those who have a clear idea of a different lifestyle or goal they may
like to pursue.” The article also said if you’re doing this because you hate
your job than you’re more likely to be bored at home during your retirement. “A
good reason to retire early is that you have an alternative vision for your
life that you are eager to pursue but you can’t pursue while employed full
time”
Now, how do you accomplish financial independence you might
ask? The article talks about how you must cut back on spending (of course) but
for this to work it is also necessary that you have a decent income. Spend less
than you earn and save the difference in an investment fund.
https://twocents.lifehacker.com/the-basics-of-fire-financial-independence-and-early-re-1820129768
