FIRE, Financial Independence Retire Early, is gaining popularity due to modern society’s pursuit of financial independence and a more autonomous lifestyle.
@koolgal mentioned in her post that
it is important to allocate my limited funds wisely so that I can achieve my goal of FIRE - Financial Independence Retire Early.
People seek to break free from traditional work patterns and have more time to pursue their interests and passions.
$Tiger Brokers(TIGR)$
Is FIRE Your Goal?
How do you achieve it?
What’s your expected return for your investing per year?
Leave your comments and also post to win tiger coins?
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I choose a diversified portfolio of share include low-cost index funds ETFs. Invest in T-bills to help me roll money. Invest in gold , insurance for future.
I regularly check my risk tolerance and investment goal.
Rebalance my portfolio periodically to maintain my desired asset allocation. @Tiger_comments @Fenger1188 @HelenJanet @SR050321 @MHh Join in .
wouldn't it be nice to attain FIRE at an early age [Grin]
this would mean you are not dependent on job to survive. you can do things that you like. live your passion and enjoy your hobbies.
you too can have the choice of working just to connect with working society
am still a long way to attaining FIRE. (not sure if I would ever get there given the high inflation) but am trying to work towards it.
am currently finding ways and means to grow my portfolio and yet have to be cautious of the risks involved which is why risk management, patience, a diversified portfolio is important. not forgetting investing in good stable companies is utmost significant as they have proven themselves time and time again that they can and will survive through and through.
@koolgal @LMSunshine @rL @HelenJanet @TigerGPT @Shyon @Aqa @GoodLife99 @Universe宇宙
Is FIRE Your Goal?
How do you achieve it?
Leave your comments and also post to win tiger coins?
Financial independence is my goal, but retiring early isn't realistic for me, thanks to my two forever hungry boys! Instead, I'm focused on giving them the best possible chance to achieve FIRE (Financial Independence, Retire Early) in the future. I read that investing just over $2,000 in the year they were born, and letting compound interest work its magic, could grow to a staggering $1 million by the time they reach 65. I'm committed to setting them up for long-term financial success, even if it means sacrificing early retirement for myself.
Financial independence is definitely my goal so that i know when i work, i can truly work for interest and passion and not be held down by the pay. It gives me the flexibility to change jobs without the financial stress when things are not workking out at the workplace and i do not feel that it is worthwhile or possible to change such as work culture.
Continuing to work is important for my mental and social wellness. It also provides me with the capital for my investment as well as the occasioanl splurge when i feel like i want to. And, who would say no to more money even if financial independence is achieved?
1.Save as much as you could.
2. Once awhile reward yourself.
3. Invest in stocks, UT, tbills, FD.
Last year, i had achieved 5.6+% SG dividends. [Bless][Bless][Bless] hope i can achieve 6% SG dividends.