Love your career? Great! Finances not in order? Not ok. It’s never too late to join the Financial Independence Retire Early (FIRE) movement!
Financial Independence Retire Early (FIRE)
The FIRE movement is a lifestyle system. The goal is financial independence and “retiring early”. Though many aren’t about actually retiring or never working another day in their life.
The point is to be financially free to have more options in life. Options can include taking more calculated risks. For instance, taking time off from work to pursue a new business venture.
Get FIRE’d up!
If you are trying to achieve FIRE, it takes consistent effort to boost your financial literacy. Financial podcasts, books, blogs are great ways to help you build your path to FIRE.
Got a ton of credit card debt? Went overboard on splurging online? Sstart forgiving yourself for those cringe worthy financial mistakes.
FIRE like a Boss!
So you’re ready to move on from your money mistakes? Great! Let’s get on track with these 3 must-have tools to FIRE like a boss.
1. FIRE calculator
How close are you to financial independence? In order to know if I was even remotely close, I played around with different early retirement calculators.
Of all the different calculators out there, Personal Capital offers one of the most in-depth retirement planning calculators.
And it’s free to use! Know exactly where you stand relative to your retirement goals.
2. FIRE routinely
So you’re on your way to FIRE like a boss. *high five*
Let’s take the next step in boosting your financial literacy: Track your net worth ROUTINELY.
Having multiple income streams and a diversified portfolio is important to reach FIRE. But keeping track can be a major pain.
I can barely remember my passwords to my social media accounts let alone all the other online accounts I have.
You too? No worries. I got you covered. You can securely link your financial accounts to get a complete picture of your net worth with the Personal Capital app.
Over time, I saw how my net worth was trending positively. It even helped me take steps to make adjustments in my spending and savings habits.
Over 1 million people use the Personal Capital app to track and manage their net worth.
Ready to track your numbers..routinely?
3. FIRE it up
Tracking your net worth on a routine basis? Great! Let’s FIRE it up one step further.
As mentioned throughout this site, it takes more than just cutting coupons to reach FIRE. Heck, it takes more than just a six-figure salary too!
The journey to FIRE requires you to have your hard earned money working for you.
Your money should be earning more money for you...not just withering away in a savings account (losing value to depreciation)!
Reach FIRE faster: Invest to take advantage of compounding interest.
Not sure where to start with investing? I hear ya. Determining your asset allocation and constructing your portfolio can be overwhelming.
The registered advisors at Personal Capital provide a range of financial planning support. This even includes home financing, retirement planning, and stock options.
We all may have similar goals for financial freedom but everyone’s financial situation is different.
For a significantly less cost than traditional financial advisors, you can receive a customized strategy just for your specific situation here!
Reaching FIRE doesn’t happen overnight.
It’s time to take some simple but powerful action. Being consistent with discipline is what it takes. Simple but not necessarily easy. So…
Surround yourself with the right people.
This may mean having to cut ties with those who just never seem to bring out the best in you. This may also mean to work with financial professionals who can help you reach FIRE.
Enjoy activities that are in alignment with how you want to feel when you achieve your money goal.
The key to manifest what you want is to be on the vibrational frequency of having already achieved it. Our emotions help to energetically speed up our manifestation.
So ask yourself how you want to feel when you achieve your goal. Continue taking small and consistent steps to raise your vibrations to align your frequency accordingly.
When we raise our vibrational frequency closer in alignment with what we are trying to achieve, we are better able to attract who and what we need for our highest good.
It’s OK to not be financially on track all day every day.
We all fall in and out of alignment throughout life. It doesn’t mean you have to go on an “Eat, Pray, Love” journey. Remember, the journey to achieving any form of wealthness is more fulfilling than having achieved it.
After all, FIRE is about the journey, not the destination!
Achieving FIRE doesn’t have to be hard. It doesn’t mean living on rice and beans for the rest of your life. Have fun with trying different side hustles and get creative!
Enjoy the journey of building your wealth. Be open to trying different activities to create multiple income streams!
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