FIRE, Fat FIRE, or Lifestyle Design [Podcast]

 

Subscribe

Most people retire at around 60-65 years old. Many investors know about the FIRE movement but might find it hard to achieve. But did you ever think about your own retirement design? What are the pros and cons of each option and which one is best suited for you? And what’s the place of dividend growth investing? Let’s dive into FIRE, Fat FIRE, and lifestyle design!

It’s time to work on your retirement goals! Download the Recession-Proof Portfolio Workbook now!

You’ll Learn

  • The classic retirement scheme is easy to follow and makes the world work in a good way. You may expect more from life, but it might also suit your need for security and comfort.
  • Should you live within your means or should you have more imagination? Is money always the goal?
  • Typical lean FIRE requires people to save at least 25% of their annual expenses and spend less each year than the average American. Is it easy to achieve? What are its downsides? Who is it made for?
  • Fat FIRE seems like more fun, it’s like adding extra bacon on everything! However, this option requires a lot of sacrifices and a good starting point. Are you willing to give it your 100% for a couple of years?
  • Lifestyle design seems like the perfect balance. Still, it brings some chaos in one’s life that not everyone will welcome. There’s no free lunch in finance and this way of living makes no exception. Opening the doors to more possibilities sometimes means working on a Sunday morning…
  • Where is Mike at and what is his ideal?
  • Should dividend growth investing be at the center of your retirement design? How does it help Mike achieve his goals?

It’s time to work on your retirement goals! Download the Recession-Proof Portfolio Workbook now!

Related Content

Liquid has created a net worth of $2M in only 14 years of work-life but he doesn’t talk about numbers at all. Rather, he insists on mental models and the philosophical approach needed to accomplish any investment or financial goal. Here is his story as well as his best tips to reach Financial Independence early.

How to Reach Your Financial Goals with Mental Models – Liquid Interview [Podcast]

So far, 2022 surely tested your risk tolerance. But what does mean to have a high-risk tolerance? Is it a personality trait or something that comes through time? Is it linked to your self-confidence? How can it help you as an investor and how should you assess it?

The Story Behind High-Risk Tolerance [Podcast]

Subscribe

_________________________________________________________________________

The Best Dividends to Your Inbox!

Download our Top Stocks for 2022 booklet now and do not miss out on the good stuff! Receive our Portfolio Workbook and weekly emails including our latest podcast episode!

_________________________________________________________________________

Follow Mike, The Dividend Guy, on:

  • Twitter
  • YouTube
  • Facebook

_________________________________________________________________________

Have Ideas? 

If you have ideas for guests, topics for The Dividend Guy Blog podcast, or simply to say hello, then shoot me an email.

_________________________________________________________________________

This podcast episode has been provided by Dividend Stocks Rock.

The post FIRE, Fat FIRE, or Lifestyle Design [Podcast] appeared first on The Dividend Guy Blog.

Leave a Reply

*