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
â¢You donât need to worry about whether youâll have enough saved for retirement.
â¢Once you hit Coast FI you can use the extra money for other lifestyle expenses.
â¢An easier target to reach than your full FIRE number.
â¢Even when you hit Coast FI you still have to keep working.
â¢You need a lot more time on your side. The earlier you start the easier and less money youâll have to invest.
Usually between 25â50 percent of your FIRE number
No
Fat FIRE
â¢Fat FIRE allows for more of a comfortable or luxurious retirement.
â¢Your budget has a bit more wiggle room for larger purchases.
â¢Not only are you work optional, but you become location independent and can live in HCOL cities.
â¢You will need to save a lot of money, which can take quite some time to achieve.
â¢Can tempt you to splurge and live above your means.
$2.5 million or more
Yes
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