News Formal

There are 3 main types of early retirement, and the only difference is how much you spend - Business Insider

  • 📰 BusinessInsider
  • ⏱ Reading Time:
  • 12 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 8%
  • Publisher: 51%

Nigeria News News

Nigeria Nigeria Latest News,Nigeria Nigeria Headlines

The formula for early retirement is simple: Save up and invest 25 times your annual spending in order to become financially independent, assuming you plan to withdraw 4% of your nest egg each year thereafter

Financial independence/retire early is often broken down into three main categories: FIRE, Lean FIRE, and Fat FIRE, though there are now other categories including Coast FIRE.

With Coast FIRE, you save to a target number by a certain age and then stop saving and let compounding gains "coast" you to your ultimate target retirement nest egg.The FIRE movement is largely a numbers game.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 729. in NG

Nigeria Nigeria Latest News, Nigeria Nigeria Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

How to catch up on retirement savings if you didn't start early - Business InsiderBusiness Insider tells the global tech, finance, markets, media, healthcare, and strategy stories you want to know. thanks Hi i wanna job
Source: BusinessInsider - 🏆 729. / 51 Read more »

Henry Blodget says Jeff Bezos gave him key leadership advice as an early Business Insider investorInsider Inc. CEO Henry Blodget recalls the early days of his media company when the Amazon founder became a financial backer. Was it: buy FAANG and close your eyes
Source: CNBC - 🏆 12. / 72 Read more »