gayl
Thinks s/he gets paid by the post
In the recent article, What is FIRE Movement, Experian and I disagree. One of us is wrong.
The premise is:
"They do this by saving at least 50% and as much as 75% of each paycheck—an aggressive and challenging goal that typically requires making major lifestyle changes".
I reached it by saving always but primarily just the max. I did a conversion my last 2 yrs and paid a lump sum to get out but I'm a pensioner who stayed in the job until I could retire (50) then shifted to private industry where I just did the Roth. IMHO the key is to save every single month and never borrow for discretionary wants. But I still had a vacation every year, kids played sports, used to love expensive clothes etc
https://www.experian.com/blogs/ask-experian/what-is-fire-movement/
The premise is:
"They do this by saving at least 50% and as much as 75% of each paycheck—an aggressive and challenging goal that typically requires making major lifestyle changes".
I reached it by saving always but primarily just the max. I did a conversion my last 2 yrs and paid a lump sum to get out but I'm a pensioner who stayed in the job until I could retire (50) then shifted to private industry where I just did the Roth. IMHO the key is to save every single month and never borrow for discretionary wants. But I still had a vacation every year, kids played sports, used to love expensive clothes etc
https://www.experian.com/blogs/ask-experian/what-is-fire-movement/
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