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deon 07-11-2020 03:42 PM

What is FIRE retirement movement?
 
Hi folks, as per the title. I'm interested to know more about FIRE (financial independent, retire early) movement but always get confused when researching online -- hence i don't know if i could achieve it.

I'm currently 29 yo with income of around 9000 - 10k per month. let's assume 9k for now. i've agreed with my partner to not have a kid etc.. because we'll focus more on travelling, exploring, volunteer and probably live a nomad life.

my expenses monthly is now around $3500/month
- rent/bill/internet : 1000
- food : 600
- mobile : 40
- insurance : 300
- parent : 1200
- transport : 100
- gym/health : 100
- etc.. : 160

how do i know how much do i need to save before i can stop working and live as what i'm living now ? my expenses will stay the same as i don't and will not have debt/commitment/kids.

is there a proper way to achieve this goal faster? i don't have any other skill other than generating 9000 per month from office work.. don't know investment, don't know property, don't even know what is REIT :( , should i know them? and how many percent should go for investment?

most importantly.. is this FIRE movement thingy realistic? i cannot see myself keep working and stressful every month hence i resort to this.

sorry, noob question

Unregistered 13-11-2020 05:39 PM

Here are some resources to get you started:

Why financial freedom
s:///8-Li_sFNc4Q

F.I.R.E Basics
s://.firepathlion.com/start-here/


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