Retirement to me is the golden age of living. It is the time to explore new horizons, travel to exciting new destinations, spend more time with loved ones and learn new skills like painting, horse riding.
The main worry most people have is they may outlive their funds and die penniless. That is why Retirement Planning is crucial to navigate the path to a worry and stress free retirement.
First I will set my goals for my retirement. I am a believer of FIRE - Financial Independence Retire Early. This can be achieved by savings and allocating into 4 buckets of funds. Bucket 1 is for essential living expenses. Bucket 2 is for emergency funds. Bucket 3 is for investments. Bucket 4 is for holidays.
To achieve FIRE requires patience, discipline and determination. I am working constantly to grow my passive income through investing in dividend stocks and SReits.
FIRE is a worthy goal to attain and I know I will achieve it with determination.
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