Are you willing to jump in the FIRE?
It’s not about getting annihilated. On the contrary this fire is about setting ourselves free. FIRE as a movement has increasingly grown in popularity among the millennial of the west. FIRE is the abbreviation for “Financial Independence, Retire Early” . This trend is gaining further traction because freedom from the shackles of “work for living” existence allows an individual to chase his/her passion. Who wouldn't agree that creativity and innovation blossoms where the mind is without fear and the time is our own. But how to reach there? The proponent of the FIRE movement suggest the “4% rule” as a guide . It is another name for “ Trinity study ”, an influential 1998 paper submitted by three professors for finance at the Trinity University. The study was to determine the “safe withdrawal rates” from the retirement portfolios containing a mix of stocks and bonds. The 4% refers to the portion of the portfolio that is withdrawn during the first year. If that...