6 Things To Do If You Want To Retire In Your 40s

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Welcome back to our 2-part, classic TFD, money-focused miniseries! Last week, we talked about what to do if you have high-interest debt. Today, we'll be diving into the other end of the financial spectrum: what to do to set yourself up for FIRE, or early retirement, and how to determine if that goal is possible for you.

RESOURCES MENTIONED IN VIDEO:
https://projectionlab.com/financial-terms/barista-fire
https://www.nerdwallet.com/retirement/learn/early-retirement
https://choosefi.com/how-to-invest-money/asset-allocation-retire-early

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00:00:00 Intro
00:02:18 The value of working with a financial planner
00:03:20 My issues with the FIRE movement
00:08:25 Decide what retirement means to you
00:11:54 Determine your retirement number
00:14:25 Calculate your savings rate
00:15:32 Is this something you want to commit to?
00:16:22 Determine your investment strategy
00:17:22 Widen the gap between income & spending