What 9 People Who Retired Early Wish They'd Known at the Start of Their Journey
Every day, the FIRE (Financial Independence, Retire Early) movement burns a little brighter. As more adults hit staggering levels of burnout and career anxiety, the idea of leaving the workforce behind before the age of 65 sounds better and better.
Categorized by significant frugality, saving, and investments, FIRE followers generally aim to save and invest about 70 percent of their income, then live off of small withdrawals from the portfolios for the decades to come. And while the outcome of FIREing may sound appealing, the reality of what it takes to get there can be daunting.
"To be clear, the FIRE journey is long," Amon and Christina, the faces behind Our Rich Journey, explain. "It's natural for people who are pursuing FIRE to feel less inspired or motivated (or even defeated) at different times during the journey."
Amon and Christina began their FIRE journey in 2011 and retired in 2019 with $2.5 million saved. They quit their jobs, moved to Portugal, and now spend their days enjoying time together and with their two daughters.
When it comes to retirement, it seems that the shorter it takes to get there, the longer it feels. And at the start, the end can feel out of reach. Below, folks who have retired early share the tips they wished they'd known at the start of their journey to financial independence.