Financial Independence, Retire Early (F.I.R.E.)
It is becoming a popular movement among our financial community today for it advocates one to attain financial independence via high savings and investment rates. There are four versions of F.I.R.E. and you can read about them online. As awesome as it sounds, most find it overwhelming to F.I.R.E. as the movement is one that requires a calculation of our personal F.I.R.E figures.
The calculation is based on the rule of 25.
For instance, if your annual expenses is RM 100,000 today and you multiply this sum with the rule of 25, your personal F.I.R.E figure will be RM 2,500,000. Is the figure a motivating one or a demoralising one for you? Usually, it takes years or decades before one achieves this figure. So, the question is, ‘Are you okay to be committed to the process to attain F.I.R.E.?
But, let me share with you some good news.
What if there are ways to achieve F.I.R.E in 8-10 years earlier so that you’ll have more freedom as to how you choose to live your life?
In this webinar, we featured Stephen Yong and Syahirah from Wealth Vantage Advisory Sdn Bhd (WVA), a financial planning firm to share how they managed to assist a client of theirs to attain F.I.R.E 8 years in advance via financial planning.
- What Most People do to attain F.I.R.E?
- Why Financial Planners should be included in your F.I.R.E. team?
- Strategies taken to achieve F.I.R.E 8 years in advance