So...This Is Why I'm Broke by Melissa Jean-Baptiste

So...This Is Why I'm Broke by Melissa Jean-Baptiste

Author:Melissa Jean-Baptiste
Language: eng
Format: epub
ISBN: 9781684811847
Publisher: Mango Media
Published: 2023-06-07T00:00:00+00:00


Coast FIRE

•You don’t need to worry about whether you’ll have enough saved for retirement.

•Once you hit Coast FI you can use the extra money for other lifestyle expenses.

•An easier target to reach than your full FIRE number.

•Even when you hit Coast FI you still have to keep working.

•You need a lot more time on your side. The earlier you start the easier and less money you’ll have to invest.

Usually between 25–50 percent of your FIRE number

No

Fat FIRE

•Fat FIRE allows for more of a comfortable or luxurious retirement.

•Your budget has a bit more wiggle room for larger purchases.

•Not only are you work optional, but you become location independent and can live in HCOL cities.

•You will need to save a lot of money, which can take quite some time to achieve.

•Can tempt you to splurge and live above your means.

$2.5 million or more

Yes



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