My Secret to FIRE
Today I will tell you my secret to FIRE (Financial Independence Retire Early). Actually there’s not much to it, nothing fancy, no financial advisor needed, and it’s not such a secret. You save as much of your income as you can (~50% for me, for 13 years) and dollar cost average it, automatically have it put into your investments from your bank account, weekly, biweekly or monthly. Then don’t think about it, just live your life. save and invest. No need to check it, (unless you want to, and if you want to I suggest doing it when the market is up to make yourself feel good). You let the magic of compound happen, and allow your money work for you and grow while you sleep. A few years ago I noticed I had to pay a lot more taxes and investigated why. It turned out one of my investments that I had just set and invest, grew so much, and it wasn’t tax efficient (Vanguard Primecap core VPCCX). I had thought this would be a great investment to put into as my mom had started it...