Early retirement has now taken the world by storm. Youngsters are now unwilling to remain shackled to 9-5 jobs until 60. Quiet quitting, moonlighting, the Great Resignation is all proofs of this trend.
Sure! working a job that you genuinely love until 60 is great. But all of us are not that lucky. A recent poll that I conducted among 60,000+ respondents revealed that less than 10% of you love your job.
Even if you love your job, we humans get bored easily and would like to explore other things which might not be well paying but still give us joy. Having the freedom to explore this is what early retirement is all about.
Now the scientific way to achieve this is called FIRE. Meaning if I spend 12 lakhs a year, I need 25 times this amount to call myself sorted financially.
So if you have 3 Crores today then congratulations ! You can live the next 30-40 years in your bed watching Netflix all day and spend 1 lakh a month.
But most of us take forever to achieve a Crore+ networth. What if you want to achieve it faster and be okay with working a relaxed job?
👉🏻 Enter Coast FIRE.
Achieving this number allows you to quit your stressful jobs and explore other opportunities which pay you enough to support your lifestyle, while the Coast FIRE number keeps growing to achieve FIRE when you're 60.
I teach how to do this in the One Percent Finance Club.
➡️ The link is in the pinned comment. I'll see you there on next week's live session :)
