Katie

It says you can retire as soon as you have enough investments such that you can live off 4% of the balance every year. And so what I would encourage someone who might be curious about that to do is to figure out how much your life costs. Very simple question. What do I spend in a year? How much does it cost to be me? And another way to ask that, the flip side of that is what's my savings rate?

It says you can retire as soon as you have enough investments such that you can live off 4% of the balance every year. And so what I would encourage someone who might be curious about that to do is to figure out how much your life costs. Very simple question. What do I spend in a year? How much does it cost to be me? And another way to ask that, the flip side of that is what's my savings rate?

It says you can retire as soon as you have enough investments such that you can live off 4% of the balance every year. And so what I would encourage someone who might be curious about that to do is to figure out how much your life costs. Very simple question. What do I spend in a year? How much does it cost to be me? And another way to ask that, the flip side of that is what's my savings rate?

So what percentage of my take-home pay am I managing to invest for the future? Both of these questions will allow you to understand what your timeline to total financial freedom is. Now, total financial freedom means like you no longer have to work for income. That's the end state that is probably many years away.

So what percentage of my take-home pay am I managing to invest for the future? Both of these questions will allow you to understand what your timeline to total financial freedom is. Now, total financial freedom means like you no longer have to work for income. That's the end state that is probably many years away.

So what percentage of my take-home pay am I managing to invest for the future? Both of these questions will allow you to understand what your timeline to total financial freedom is. Now, total financial freedom means like you no longer have to work for income. That's the end state that is probably many years away.

But if you start organizing your life in this way, you are going to achieve some level of financial freedom really, really quickly. So for example, if your savings rate is 10%, you can assume that it means it's going to take you roughly 41 years to become financially independent. If you bump that up to just 15%, you now shave seven years off that timeline.

But if you start organizing your life in this way, you are going to achieve some level of financial freedom really, really quickly. So for example, if your savings rate is 10%, you can assume that it means it's going to take you roughly 41 years to become financially independent. If you bump that up to just 15%, you now shave seven years off that timeline.

But if you start organizing your life in this way, you are going to achieve some level of financial freedom really, really quickly. So for example, if your savings rate is 10%, you can assume that it means it's going to take you roughly 41 years to become financially independent. If you bump that up to just 15%, you now shave seven years off that timeline.

You're looking at something closer to 34 years to financial independence as opposed to 41. So you get familiar with these numbers, you start to see, okay, the jump from 10 to 15% That's really not that meaningful on a monthly basis. But if it's going to make my working timeline seven years shorter, that is really meaningful.

You're looking at something closer to 34 years to financial independence as opposed to 41. So you get familiar with these numbers, you start to see, okay, the jump from 10 to 15% That's really not that meaningful on a monthly basis. But if it's going to make my working timeline seven years shorter, that is really meaningful.

You're looking at something closer to 34 years to financial independence as opposed to 41. So you get familiar with these numbers, you start to see, okay, the jump from 10 to 15% That's really not that meaningful on a monthly basis. But if it's going to make my working timeline seven years shorter, that is really meaningful.

If you can get up to 20%, 25%, you're talking between 26 and 30 years now. So it's all proportional. These formulas, it doesn't matter what you earn. It just takes what percentage of your income you're contributing to long-term investments with an appropriate risk profile for that timeline. So people that are really hardcore FIRE are saving 50%. 50, 60, 70 percent of their income.

If you can get up to 20%, 25%, you're talking between 26 and 30 years now. So it's all proportional. These formulas, it doesn't matter what you earn. It just takes what percentage of your income you're contributing to long-term investments with an appropriate risk profile for that timeline. So people that are really hardcore FIRE are saving 50%. 50, 60, 70 percent of their income.

If you can get up to 20%, 25%, you're talking between 26 and 30 years now. So it's all proportional. These formulas, it doesn't matter what you earn. It just takes what percentage of your income you're contributing to long-term investments with an appropriate risk profile for that timeline. So people that are really hardcore FIRE are saving 50%. 50, 60, 70 percent of their income.

And they're focusing on condensing their expenses as much as possible. So it's a movement that's very compatible with like the minimalist movement, for example.

And they're focusing on condensing their expenses as much as possible. So it's a movement that's very compatible with like the minimalist movement, for example.

And they're focusing on condensing their expenses as much as possible. So it's a movement that's very compatible with like the minimalist movement, for example.

My assumption, based on just kind of vibe checking it, is that there's still a pretty devoted micro, you know, there's always going to be that microcosm of people who is very attracted to this. But I do think that with the shift to work from home and telework, I think that there's been a bit of a...

My assumption, based on just kind of vibe checking it, is that there's still a pretty devoted micro, you know, there's always going to be that microcosm of people who is very attracted to this. But I do think that with the shift to work from home and telework, I think that there's been a bit of a...