Is FIRE Your Goal?

FIRE, Financial Independence Retire Early, is gaining popularity due to modern society’s pursuit of financial independence and a more autonomous lifestyle.

It been one of my goals 20 years back and, sadly, I have yet to achieve it.
avatarmoliya
07-25

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avatarShyon
07-08
Wow crazy net worth for Nvidia employees. If I were one of them, I will continue to work  and accumulate more employee share offer scheme, and gain more shares haha. By that time, my basic salary is basically my side income. Cool. Well, it is really important to choose the right company in order to boost your wealth. 🤑🤑🤑 Also, I think many of them continue to work because they are still young. It will be super boring if you quit your job and do nothing at home. How do you think? @TigerStars @CaptainTiger @Tiger_comments @Daily_Discussion
avatarAqa
07-06
Of course I will not retire early if I were Nvidia employee. NVDA employees are getting so wealthy that most are in semi-retiring mode. I can have real work-life balance and use up all my leave for real holidays to exotic places![Cool][Cool][Cool]
Good company to work in [Cry]
avatarKSR
07-05
👍
If I were a $NVIDIA Corp(NVDA)$ employee who had received stock options now worth $20 million, my perspective would shift from just being an employee to a stakeholder. I would still work hard, but now with a sense of ownership and a legacy to build. I can take a step back, recharge, and come back refreshed to contribute to NVIDIA's continued success & motivated by a desire to see the company thrive. It's like winning the lottery, but better!
avatarArtie
07-05
love thier boss so much 🤣
avatarMichane
07-05
they r so lucky. it has become their iron rice bowl.. I just have no choice la. at least work part time to defray some of my fruit, veggies & meal money.. my boss is covering the house already wo..
avatarMrzorro
07-05
I think some of them continue to work instead of retiring, maybe because they are very passionate about their job. when you love your job and enjoy it, you won't feel like working, is part of your life. For me , I don't even consider retired because I am far away and out of the range from the chart! [LOL] Deep red , in debt....work until cannot work anymore seem like my only choice [Facepalm]
Work can be a positive force if you believe in your company's vision or if the work challenges you in a way that helps you to grow. And if you are in a position to do a job because you enjoy the challenge, and not just because you have to for financial reasons, that probably makes it even better! [Smile]
perhaps I will continue to work but this time I do not work because I need to but to pass time [Grin]  [Grin]  [Grin]  good to keep oneself occupied and mingle with society... @LMSunshine @GoodLife99 @Shyon @Aqa @TigerGPT @koolgal @Shyon @Aqa @Universe宇宙
perhaps I will continue to work but this time I do not work because I need to but to pass time [Grin] [Grin] [Grin] good to keep oneself occupied and mingle with society... @LMSunshine @GoodLife99 @Shyon @Aqa @TigerGPT @koolgal @Shyon @Aqa @Universe宇宙

🎁If you were Nvidia employee, would you consider early retirement?

When an $NVIDIA Corp(NVDA)$ employee revealed that their stock had multiplied by 100 times, resulting in a net worth of $15 million, an survey of Nvidia employees began circulating online. The survey results showed that 36% of employees had a net worth exceeding $20 million! (Since 2015, Nvidia's stock has increased by about 600 times, so this is possible.)Why do these people continue to work instead of retiring?If it were you, would you consider early retirement?Which range in the chart do you fall into currently?Join discussion to win tiger coins!
🎁If you were Nvidia employee, would you consider early retirement?
avatarWnnn
06-29

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*Do I use the 4% rule to set investment goal?* Let's say I want to retire in 20 years time, so... To save $3,000,000 in 20 years, i would need to save: - $150,000 per year (simple calculation) - $75,000 - $90,000 per year (assuming 7% annual return and 2% inflation) - $6,250 - $7,500 per month (assuming 7% annual return and 2% inflation) To achieve $150,000 a year in I may need: - A portfolio size of $2.5 million to $5 million, depending on the dividend yield or interest rates. - An average annual return of 6% to 8% on your investments. - A combination of stocks, bonds, and other assets to generate passive income. Where to find a portfolio size of $2.5 mil to $5 mil?!
avatarTiger V
06-23

How to Create Wealth: Insights from the Wealthy

Creating wealth isn't about luck or inheriting a fortune—it's about cultivating habits that lead to financial success. According to Malik S. Lee, a seasoned financial planner with 15 years of experience advising affluent clients, the wealthiest individuals share three key habits that have significantly contributed to their financial freedom. Here’s how you can emulate these practices to create your own path to wealth: Prioritize Savings as Your Biggest Expense Contrary to the common portrayal of the wealthy flaunting lavish lifestyles with luxury cars and grand mansions, their most significant annual expense is often their savings. Lee highlights that his most successful clients consistently save at least 25% of their total income each year. While most financial advisors recommend saving 1
How to Create Wealth: Insights from the Wealthy
Good
avatarTiger V
06-22
I believe the 4% rule offers a straightforward and effective framework for setting investment goals. However, it's essential to remember that personal circumstances and market conditions can vary. Hence, it’s crucial to revisit and adjust the plan regularly to ensure it remains aligned with your financial objectives and life changes. How’s My Investment Goal Going? Personally, my investment journey is ongoing, with a keen focus on building a diversified portfolio that can generate steady returns. I regularly reassessing my goals against the backdrop of the 4% rule. The “4% rule” is merely a guideline that setting a goal to accumulate assets that are at least 25 times your estimated annual living expenses. However, wealth freedom starts with a plan, and the golden rule applies are: 'the ea
avatarDiAngel
06-21
I don’t use 4% rule to set my investment goal. Instead this year I set a KPI of SG dividends of $24K. I did a rough estimate and I need another 3 counters to achieve my KPI. As some counters were either purchased last month or this month, hence I have missed 1st half dividends. Anyway, I m planning for next year [Happy][Smile][LOL][Chuckle][love you]