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MJ

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Mickey J

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Mickey J

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MJ
Mickey J
Level 2. Rookie
Answered 5d ago
I feel that the best way to get started is to build a plan that's tailored to you. 1) Know your expenses and optimise them, removing the ones that you don't need. 2) Give yourself a FIRE number. How much do you need to stop working, based on your expenses. A simple formula could be 25X your annual expenses, but factor in your personal milestones (e.g. getting married, having a kid, etc.) 3) Create a plan on how you intend to achieve your FIRE number and identify ways to accelerate it. Whether is it to rise up the corporate ladder faster, create other side incomes, etc. Hope this helps.
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