Coast FIRE is a popular financial independence strategy because relative to the other FIREs, it's relatively easy.
FIRE stands for "Financial Independence, Retire Early" and involves achieving financial security before the traditional retirement age of 65 and exiting the workforce on your own terms. Coast FIRE is a lower-stakes financial independence strategy. It involves aggressively saving when you're young to hit a target amount in investments that will allow your portfolio to grow to an amount sufficient to retire on without any additional contributions. This way you can "coast" to a comfortable retirement, even if you never add another dime.
For example, let's say you need a $1.2 million dollar portfolio at age 65 to ensure a comfortable and secure retirement. You’re currently 25 years old and want to achieve Coast FIRE by age 30. Assuming you can get an average return of 8%, you need a portfolio of at least $81,162 by age 30 to ensure you’ll have $1.2 million at retirement.
To learn more, check out this blog post www.moneyafter...
------------------------------------------------------------
♦♦♦ Invest on autopilot and $50 FREE when you open an account with at least $500 with Wealthsimple www.moneyafter...
♦♦♦Take charge of your own investments and get $50 in free trades from Questrade www.moneyafter...
♦♦♦Invest in Bitcoin, Ethereum, and more with Coinsquare www.moneyafter...
♦♦♦ Check your credit score & get your credit report free from Borrowell www.moneyafter...
♦♦♦Yes, you need life insurance! I use and recommend PolicyMe. Get a free quote on how much you need to protect yourself and your family www.moneyafter...
♦♦♦ Earn free cashback for shopping at your favorite stores online through Rakuten www.moneyafterg...
~~~~~~FOLLOW ME~~~~~~
Website: www.moneyafterg...
Facebook: facebook.com/MoneyAfterGraduation
Twitter: @moneyaftergrad
Instagram: @moneyaftergrad
TikTok: @moneyaftergrad
Money After Graduation Inc.
10160 103 St NW
Edmonton, AB
T5J 0X6
Негізгі бет Coast FIRE Explained
Пікірлер: 21