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How to use the FIRE method to retire early (or at least save a lot of money)
Rounding it up
The FIRE method, or “Financial Independence, Retire Early” can help plan your finances and curb your spending so you can stop working as early as your 40s.
The first step is to start planning for retirement by investing — compound interest, anyone?
Of course, keep your expenses low and save every penny; you should try to put upwards of 75% of your income into high-interest accounts.
It helps to boost your current income, be it through a second job or side hustle. Putting in those extra hours now can make a huge difference down the line.
Gaby Pilson
Gaby Pilson is a writer, educator, travel guide, and lover of all things personal finance. She’s passionate about helping people feel empowered to take control of their financial lives by making investing, budgeting, and money-saving resources accessible to everyone.
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