Wanna Retire By 40? Yep, it’s Possible
A big topic of discussion in the world of personal finance is around retiring early. Whether or not it’s possible with a: [family/partner/kids/careers/hobbies]. There are opinions on each end of the spectrum, supporting why it can or can’t happen.
In my case, it for sure won’t happen. There’s no way I can retire by 40 because… well, I’m already past that! 🙂
However … my colleague Cashflow Cop has some very specific and detailed information on the topic in his post below.
If you’ve ever wanted to learn about financial independence, this is the post for you. Because there is sooo much useful information crammed into the article below, you won’t want to miss a second of it.
Ignore all of the noise and fancy words like tax-loss harvesting and geo-arbitrage. They can be off-putting and make things sound more complex than they need to be.
I’m going to show you in four steps how it can be possible to reach financial independence by the time you’re 40 years old while earning $40K a year.
This is the ultimate beginner’s guide to financial independence!
FIRE has a PR problem
But first, let’s take a step back.
There is this thing called “FIRE” that’s been mentioned in some mainstream media outlets lately. This is happening both in the US where it originates from and also across the pond in the UK. It’s actually spreading quickly and there is now a global FIRE community.