Building wealth and retiring early may seem like a lofty goal, especially if you are on a modest salary. However, it is not impossible. With careful planning, smart investing, and a disciplined approach to your finances, you can achieve financial independence and retire early. Here are some steps that you can take to build wealth and retire early on a modest salary
Financial Independence Retire Early (FIRE) is often perceived as a financial goal that is only attainable for the wealthy. This idea, however, couldn’t be further from the truth. FIRE is a concept that can be achieved by anyone, regardless of their income level or background. In this article, we will explore why FIRE is not just for the wealthy and how anyone can achieve financial independence and retire early.
Yes, Investing 100 a month for long period of time will compound to an incredible saving over time. Read on to see how much 100 a month become over a period of 10, 20, 30 and 60 years.
The answer to the question is very subjective. It is about how YOU live your life, what expenses do YOU have today and are these the same expenses you want in the future? Some people tighten their budget a lot to be able to save up – but is that the same budget they will live on when they reach “financial independence”? Only there can one begin to count on it. Let me show you
Don’t know what stocks are? You are not alone! What does it mean to own shares, where to buy stocks? We explain in Investing for beginners
What is the difference between investment and speculation? The difference between the two you can learn about in this post
Payoff your debt with snowball or avalanche strategy
