Is FIRE Your Goal?

Tiger_comments
06-01

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?

# Is FIRE Your Goal?

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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  • Success88
    ·06-01
    TOP
    Invest my savings
    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 .
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    • SR050321: 
      Thanks for sharing 👍🙏
      06-03
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    • Success88: 
      Thanks for your insight
      06-03
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    • koolgal: 
      Excellent strategy!  May you achieve your goals soon. 😍😍😍
      06-02
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  • icycrystal
    ·06-01
    TOP

    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?

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    • koolgalReplying toicycrystal: 
      Thanks my friend 😍😍😍
      06-03
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    • icycrystalReplying tokoolgal: 
      thank you  [Heart] [Heart] [Heart]

      may you have lots of  [USD] [USD] [USD] and be super duper rich  [Smart] [Smart] [Smart]

      06-02
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    • koolgal: 
      May your achieve your goals soon. 😍😍😍
      06-02
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  • MicroStrategist
    ·06-01
    TOP
    It is not a goal, but i have already achieved it. I am already there. how do you achieve it? Well, you need to have many many types of active and passive streams of incomes. Don't be too overly materialistic because being materialistic is infinite. There is no end if you want everything. The richest people in business do it for their passion, not for the money. Money is a Means Not An End.  For expected return, well as long you don't lose anything, you should be thankful for anything above the average interest rates can offer. Keep life simple and don't just keep dreaming about money. Focus on your passions, and the money will come. ☺️😉
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    • Michane: 
      wow ur amazing & well-said! [Applaud]
      06-02
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  • nomadic_m
    ·06-04
    TOP
    *is fire my goal?*

    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.

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  • MHh
    ·06-02
    TOP
    FI is my goal but not RE. I think it is important to still remain engaged with society and contribute positively based on my skills.


    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?
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  • DiAngel
    ·06-02
    I think i have achieved FI 9 years ago and was contemplating RE as no doctors were able to determine my illness. I opened up to my boss and he gave me 6months to sort out my illness and not to worry about my job. Till now, i m still in the same company and enjoying my WFH benefits. [Silence][Chuckle][Smile][LOL] looking forward to the golden handshake. [ShakeHands][Allin][USD][Chuckle][Evil]


    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.
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  • Aqa
    ·06-02
    🌟🌟 It is important to achieve FIRE — Financial Independence Retire Early. First, one must work hard and save money. Invest whatever little money there is. Be very disciplined and prudent in investments. The expected rate of return must beat the relevant rate of inflation of the country. REITS and ETFs form the bigger portion of the total portfolio. Trade regularly to achieve higher rate of returns. FIRE is definitely achievable. Let’s do it and Good Luck! 🍀🍀🍀
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  • Mrzorro
    ·06-02
    I believe FIRE is everyone goal [Miser] Although achieving that seem impossible  [LOL], but I still believe one day I will be there [Bless] Building more passive income is a key way to achieve it since we need money to keep survive. ( investment, stock dividend, fund and saving, etc)
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  • JL28168
    ·06-02
    not yet achieved...plan in 10yrs time ..focus on passive income, put more into them for compounding meanwhile sharpen skill of stock investment to have consistent profit, then it will be your passive income too, make it as your main passive income...
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  • Kevinshn23
    ·06-02
    To achieve your financial independence with annulized roi more than 8% it requires continous portfolio management and market research. Its not like something you can lay down on the ground and wait for money growing on tree. It is a job that is easy to say but hard to implement.
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  • snoowy
    ·06-02
    Yes, I wanna achieve FIRE. Part of the reason is also that I'm tired of seeing the bosses' faces and deal with the stress of work. Am trying to achieve as one just needs to set goal on monthly income to have be it passive (self-generating income from investments) or active (part-time income or freelance assignments) and just live within your means. Unless you set a realistic target and be willing to forgo the constant pursuit of money as it will never be enough, you won't be able to achieve FIRE.  [lovely]
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  • Norwood33
    ·06-02
    It is not a goal, but i have already achieved it. I am already there. how do you achieve it? Well, you need to have many many types of active and passive streams of incomes. Don't be too overly materialistic because being materialistic is infinite. There is no end if you want everything. The richest people in business do it for their passion, not for the money. Money is a Means Not An End.  For expected return, well as long you don't lose anything, you should be thankful for anything above the average interest rates can offer. Keep life simple and don't just keep dreaming about money. Focus on your passions, and the money will come. ☺️😉
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    Report
  • Michane
    ·06-02
    used to think of it bt then everybody dream the same then who is going to work right? [Facepalm]
    although I'm still in the process of making money work for me [shy]
    my current status is I'm happy to be working part time..
    because I can still develop myself when I'm servicing people,
    instead of just being in my own world [Chuckle]
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  • WanEH
    ·06-02
    财务自由当然是最好的。因为这意味着我们不必承受突然失去工作收入的风险。而且我们拥有更多的时间和机会去做想做的事。现在看起来只有投资能够让我达到这个目标。
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  • highhand
    ·06-01
    half of FIRE is my goal. Financial Independence, but not Retire Early. to do that, aim to get more than 15% gains per annum for growth portfolio... and have constant income through dividend portfolio... this will allow freedom to do want you want, and when you want it.
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  • SPOT_ON
    ·06-01
    yes .. FIRE was always on my mind since the beginning.

    i always spend much less than most.people .

    Do away with the ridiculous price of owning car in sg .

    Do not end up to be a slave to sky high property price and paying mortgages till you are almost half dead .

    Don't waste money on high end restaurants and meals... simple meal can do weekly .

    i retired at 45 ....  [Grin]

    @Success88
    @MHh
    @虎港通
    @Aqa
    @Mrzorro

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  • Dindindino
    ·06-01
    FIRE is definitely everyone’s goal cause we wouldnt want to be still workinf so hard.
    Allocating our limited budget prudently is important. Only reward ourselves from investment return. I expect 20% returns :)
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  • ECLC
    ·06-03
    FIRE was a goal; now seems like a dream. Unexpected events cause rethink; thankful to be healthy and stay employed. Expected return for investing => +ve
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  • Alubin
    ·06-02
    Yes for now FIRE is still my Goat. Still for away from it but steadily working towards it. Hopefully in the long run, I can get at least 6-7% return pa.
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  • AliceSam
    ·06-01
    人们寻求从传统的工作模式中挣脱出来，有更多的时间去追求自己的兴趣和激情。
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