Before you set off on this journey, know that early retirement isn’t for everyone. The best way to start planning for retirement is to determine what you will need to retire. However, planning for early retirement can be harder than it seems, so you should consider hiring a financial advisor to help steer you in the right direction. But for most millennials and the proponents of the Financial Independence Retire Early (Fire) movement, retirement means not having to work full-time to afford a normal lifestyle. If your dream is to retire early and live frugally, you can afford to do so when your passive incomes are paying off well and you can live off them comfortably.

Source: Standard Digital February 27, 2021 22:16 UTC