Home » Retire in just 17 years! | FIRE Financial Independence Retire Early | Explained | financial independence

Retire in just 17 years! | FIRE Financial Independence Retire Early | Explained | financial independence



FIRE stands for Financial Independence Retire. Financial Independence, Retire Early (FIRE) is a movement dedicated to a program of extreme savings and investment that allows proponents to retire far earlier than traditional budgets in this video we try to explain and calculate how you can become a millionaire and retire in just 17 years

00:00 Intro
00:22 What is FIRE?
02:02 How to become Financially Independent?
02:36 Frugal Lifestyle
03:03 Staying out of debt
03:13 Increase income streams
03:34 How much money do we need?
04:48 Years until retirement
06:06 A general example
09:35 Conclusion
09:53 Important Note

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Retire in just 17 years! | FIRE Financial Independence Retire Early | Explained |

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44 thoughts on “Retire in just 17 years! | FIRE Financial Independence Retire Early | Explained | financial independence”

  1. Zindagi ko v Jena hai bahi sara save hi kar de ge to budape mein portfolio ka kya karenge so 30 % saving enough because too many other expenses children's education , dream car , relative's marriage , family tour and home emi etc.

  2. We are enjoying the compounding in the investment but not considering it in the savings, if we increase the savings by 8% in just 10 years we have to save 1.2 lakh per month which is double the intial savings per month.

  3. Who earns 1.2 lacs per month as salary ? That’s per annum for majority. That’s pretty much for middle man like us. Would be better if you could consider for people who earns 20-30k per month. That’s simply not possible to retired after 17 years

  4. You're forgetting income tax, that'll never leave you alone until death. Govt steals when you earn and then again when you retire with no return for the taxpayer. It's the bloody govt that'll never let you retire. Only option is to invest all your money in agriculture assets and then make money tax free.

  5. It is not realistically possible for most of the working class. The reason is in India we do not have good labor laws which adjust the inflation. There are people who still live on under $2 per day wages. And majority of population has less than 50k salary per month. The only way is by increasing the number of working people in family to average out the liability, and start small side business (reinvest the profit for 5years at least) and invest smartly in stocks or funds,,before buying home try to buy real estate or commercial shop for recurring monthly earnings.. I am also following this process being middle class, it is too hard to save 50%.. because in India there is no good wage law as per the US… US mein ek salary experience k hisab se Hoti hai and minimum wages keep on Changing ,,plus waha education and medical government deti hai,, plus waha loan saste hai ,,,3-4% home loan rate,, Yaha Sab mehenga HOTA jara hai lekin company salary Nahi badhati us hisab se,, It is better to model the Fire concept in Indian context… Indian kids have to take family responsibilities which in abroad people only live for themselves,,

  6. You haven't considered any black swan events in life, children education and misc expenses when you grow. So it would be better multiplying by 50 rather than 30 I guess.

  7. One suggestion for Tickertape. Only a miniscule percentage of people can afford to save 60k per month. That's the annual income for majority of people in India. To cater to the needs of a wider crowd instead of a privileged niche, lower income levels could be considered to reflect the reality. You could miss out on the majority who earn 30-50k per month and dream of financial independence.

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