Episode #654
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Ready to achieve Financial Independence and Retire Early? In this episode of the BiggerPockets Money podcast, Mindy and Scott are going to walk through a comprehensive FIRE guide that covers everything you need to know to start your journey toward early retirement in 2025.
We explore the mathematics behind FIRE, different approaches to the movement, and practical strategies for dramatically increasing your savings rate. From understanding the 4% rule to optimizing your investment portfolio, this episode provides a complete roadmap for anyone interested in financial independence. Perfect for both beginners exploring the concept and those already on their FIRE journey looking to optimize their approach.
Whether you're just starting your financial journey or looking to accelerate your path to early retirement, this guide provides actionable steps you can implement today.
1:11 1. What is Early Retirement?
1:40 2. What is the 4% Rule?
2:59 3. Net Worth vs. FIRE Portfolio
4:26 4. Determining your FI Timeline
6:20 5. The FI Principles
8:49 6. FI Expense Cheat Codes
11:35 7. Increasing Your Income
12:34 8. Investment Approaches
15:17 9. Invest Order of Operations
21:24 10. The FIRE Grind
23:27 11. Withdrawal Strategies
27:18 12. Post FI Considerations