How to Calculate Your FIRE Number 🔥

Описание: Learn how to calculate your FIRE number—the key milestone for financial independence and early retirement. In this video, I break down the simple formula and explore how your annual expenses determine the savings you need to retire early. Discover tips for adjusting your calculations and making smarter financial choices along the way.

🔗 Links:
Empower: https://www.empower.com/personal-inve...
YNAB (You Need A Budget): https://www.ynab.com/
cFIREsim: https://cfiresim.com
Dinkytown Retirement Planner: https://www.dinkytown.net/java/retire...
Boldin: https://www.boldin.com
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🛒My Amazon Store:
https://www.amazon.com/shop/dukeofear...

📌 Timestamps:
0:00 FIRE Number
1:47 4% Rule
2:57 Safe Withdrawal Rate
4:56 Track Expenses
6:45 Examples
8:45 Lifestyle
9:29 Other Income
10:43 Calculators

#financialfreedom #financialindependenceretireearly #financialindependence

🎵Music License:
"Magic Escape Room" Kevin MacLeod (incompetech.com)
Licensed under Creative Commons: By Attribution 4.0 License
http://creativecommons.org/licenses/b...

⚠️ Disclaimer: 
The content in this video is not financial advice. It is for informational and entertainment purposes only.