whyyoushouldntretireearly
As people are increasingly looking to retire early and live off their investments, the FIRE movement has gained popularity in recent years. In spite of this, the FIRE method is not for everyone. In fact, there are many reasons why the FIRE movement method doesn’t work. An introduction to the FIRE movement.A prior Due article explained that FIRE stands for Financial Independence Retire Early. This concept combines extreme frugality, savings, and investment. “The idea is to achieve financial independence, be free from financial commitments and retire early so you don’t ever have to work again if...
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While there are certainly exceptions, who wouldn’t want to retire early? Instead of being a part of the 9-to-5 grind, you could spend more with family, friends, or leisure activities that you haven’t had time for. Or, maybe you could finally travel or pursue a money-making side hustle. Sounds good, right? Well, unless you have more than enough money in the bank or multiple income sources, there are a lot of financial risks involved with early retirement. In fact, early retirement may even bankrupt your dreams. Retirement will likely last longer than you think.In spite of your desire to walk aw...
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