Reach financial independence and retire early The Financial Independence, Retire Early (F.I.R.E.) approach can help you accelerate the wealth-building process and get you to the point of no longer having to exchange your time for money to live the life you love on your terms. Whether you are just starting your career or have been working for years, F.I.R.E. For Dummies guides you on your journey to financial independence and creates the option to retire long before you may have ever imagined. Inside... * Embracing the F.I.R.E. mindset * Organizing and planning your finances * Increasing…mehr
Reach financial independence and retire early The Financial Independence, Retire Early (F.I.R.E.) approach can help you accelerate the wealth-building process and get you to the point of no longer having to exchange your time for money to live the life you love on your terms. Whether you are just starting your career or have been working for years, F.I.R.E. For Dummies guides you on your journey to financial independence and creates the option to retire long before you may have ever imagined. Inside... * Embracing the F.I.R.E. mindset * Organizing and planning your finances * Increasing income, savings, and investing * Decreasing debt, expenses, and taxes * Designing your post-F.I.R.E. life
Jackie Cummings Koski, MSPFP, CFP, AFC, is a personal finance educator and consultant who reached F.I.R.E. in her 40s after growing her wealth to over $1 million. Her personal finance tips have been featured on media platforms like CNBC, Forbes, and Market Watch. She is author of the award-winning book Money Letters 2 My Daughter.
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Introduction 1
Part 1: Getting Started with F.I.R.E. 5
Chapter 1: What Is F.I.R.E.? 7
Chapter 2: Personalizing the Process of Reaching F.I.R.E. 17
Chapter 3: Understanding the Mindset and Psychology behind F.I.R.E. 37
Part 2: Organizing Your Finances for F.I.R.E. 57
Chapter 4: Knowing and Tracking Your Numbers 59
Chapter 5: Understanding How Taxes and Credit Scores Work 77
Chapter 6: Getting Your Hands on Documents and Account Information 93
Chapter 7: Reviewing Possessions, Probate, and a Plan for Your Estate 111
Chapter 8: Using Financial Professionals 131
Chapter 9: Celebrating Your Wins 143
Part 3: Increasing Income, Savings, and Investing 153
Chapter 10: Working Wonders by Growing Your Income 155
Chapter 11: Moving Fast by Increasing Your Savings Rate 173
Chapter 12: Investing and the Undeniable Power of Compound Growth 183
Part 4: Decreasing Debt, Expenses, and Taxes 201
Chapter 13: Are You Doomed If You Have Debt? 203
Chapter 14: Do You Have to Cut All Your Expenses to the Bone? 215
Chapter 15: Can You Really Control Your Taxes? 229
Part 5: After F.I.R.E.ing: Things to Do after Retiring Early 253
Chapter 16: Planning a Graceful Exit from Your Job 255
Chapter 17: Planning Your Post-F.I.R.E. Income and Health Insurance 271
Chapter 18: Planning for the Later Retirement Years 295
Part 6: The Part of Tens 311
Chapter 19: Ten Hot Topics in the F.I.R.E. Community 313
Chapter 20: Ten Tips to Make Your F.I.R.E. Journey Fun 319
Chapter 21: Ten Big Names to Know in the F.I.R.E. Movement 325
