Recently I saw a blogger (probably from Reddit), and the concept of FIRE (FINANCIAL INDEPENDENCE AND EARLY RETIREMENT), and looks like I pretty like that idea: most of us do not need (and cannot) reach financial free, but can be financial independence, after which, one can work more freedom or do not work at all.

Key point:

  • with a saving that is equals to 25X yearly expense, and 4% withdraw rate (in other words return rate to keep the saving stable)

Something to keep in mind

  • Increase Income: can reach the needed savings early
  • Decrease Expense: reduce unnecessary expenses
  • Investment: that is how you get passive income

Start from tracking my yearly expense now.

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