Kate realised she is on a journey that takes years. On her blog Eyes on the Goal, she looks back on a part of this journey and shows how her goal of becoming FI in 5 years has evolved.
Kate and Seb, a couple in their 40s with one young daughter, asked Ken from @thehumblepenny at what age they can realistically hope to retire. In this detailed case study, Ken goes through their numbers to show them they are in a good place. Not only that, he also shares the logic and calculations he used, so that we can apply them to our own personal situations.
@thepoorswiss has put together a brief clear article about the things you could (and should) do to reach FI. Listen to him!
Carl from MoneyMow has joined forces with his wife on journey to financial freedom. They will start reporting on a monthly basis on the progress of three goals they have set for themselves. Have a look yourself what are these goals and how far are they?
Are you close to the holy grail of FIRE? Do you have a plan what will you do with all the freed up time of 40 hours a week, 52 weeks a year and year after year? If not consider all options as you may find that early retirement does not work out wonderfully for many people who try it.
Instead of working 5 days a week, how would your ideal weekly schedule look like? MP reveals his current schedule and his post-FI dream schedule.