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FIRE

What is financial independence retire early? Also known as FIRE, financial independence retire early is a movement that encourages people to save and invest so they can retire earlier than the traditional retirement age.

There are many benefits to pursuing financial independence retire early. One of the most obvious benefits is that you can enjoy your retirement sooner. If you’re able to retire early, you’ll have more time to do the things you love and enjoy your golden years.

Furthermore, by saving and investing for retirement, you’ll have a nest egg to fall back on if you ever encounter financial difficulties.

Finally, FIRE can give you peace of mind. Worrying about money is one of the biggest sources of stress for many people. But if you’re financially independent, you won’t have to worry about money as much. You’ll be able to relax and enjoy your life without worrying about your finances.

If you’re looking for a way to retire sooner, achieve financial security, and reduce stress in your life, then the FIRE lifestyle early may be right for you.

Retired Folks celebrating achieving financial freedom

Shifting Generational Perspectives: Moving From Paycheck to Cashflow

It’s a strange experience when your kids start to outthink you. I remember vividly the first time it happened to me. When my daughter was about eight years old, she was at that age where she was starting to question whether Santa Claus was real. We were desperately trying to find out what she wanted …

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investments to avoid in retirement

18 Steps to Financial Freedom – Starting At Any Age

Are you looking to become financially free in ? Who wouldn’t?  This article covers the steps you can take to reach financial freedom. Achieving financial freedom is many peoples’ goal. Everyone wants to live the American dream with enough savings (i.e. emergency fund), investments, and cash on hand to afford the lifestyle they want to …

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Retired Folks celebrating achieving financial freedom

10 Simple Ways To Save Extra Money For Retirement

Retirement is a major life event that needs to be financially planned for. Unfortunately, many people don’t believe that they have or will have enough saved. In a recent Financial Post article, they shared that nearly half of non-retired Canadians don’t believe that they will be able to live comfortably in retirement. In another research …

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Retired Folks celebrating achieving financial freedom

15 Dividend Stocks For Retired Folks

Retirees have a different set of needs than other investors. And, retirees, or anyone who is financially independent for that matter, commonly want an income from their investments. This helps offset some of the income retirees are no longer receiving from employment. With rising costs of housing and health care, among other necessities, income is …

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a happy retired couple who saved for their retirement

21 Ways to Save For Retirement If You Think Social Security Will Fail

Social Security has not been adequately funded for years, and there is no plan to fix it. This presents a difficult situation for the next generation of retirees – how can they be prepared financially when they can’t rely on social security?  In the face of mounting evidence that Social Security will not be around …

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gen z mom who just finished a stress-free move

Financial Challenges and Solutions for Millennial and Gen Z Mothers

As the world spins, so do the circumstances for society, and modern mothers have had to deal with unprecedented caveats in 2021. Now, an understanding of constantly advancing technologies, prevailing social justice and political issues, and capacities to navigate a global pandemic are required maternal knowledge—making for some unique financial challenges for families in the Millenial and …

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a family celebrating after creating a wealth plan

Million Dollar Life Insurance Policy: All You Need to Know

Most people don’t even think about life insurance when they’re in their 20s. However, while you’re still healthy and young, you have enough time to consider various coverage amounts and rates. Of course, you can get insurance when you’re older, but in this case, you will have to deal with various limitations regarding the premiums …

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family walking on the beach

5 Great Reasons to Start Financial Literacy Young

Teaching kids financial literacy is actually about much more than ensuring they have a good handle on how money works and how to manage finances throughout their lives. Most of the central lessons we teach by discussing good money habits are about creating a healthy mindset that will prepare kids to deal confidently with many …

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a retired couple at the beach thanks to their practical money skills

16 Practical Money Skills to Master Before Retirement

Everyone wants to enjoy a comfortable retirement, but unfortunately, this goal feels out of reach for most people. Individuals approaching retirement can increase their chances of financial stability by working to master practical money skills that will be essential once the working years are in the rearview mirror.  According to a study from early 2021, …

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