Most Important Variables in the FIRE Equation

Retiring early & becoming financially independent is a good goal. But most goals aren’t achieved unless you map out a plan, accounting for all of the variables involved in situations & circumstances, & then begin to execute on it.

What does FIRE really mean and, more importantly, what are the most important variables to achieve it?

Here is the definition of FIRE & the 10 most important variables that you need to be aware of in starting & completing your FIRE journey.

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FIRE is personal. It’s a one-woman or one-man game. You compete against no one but yourself. This is what FIRE is (to me, of course). But I think this is a generalizable definition.

What is FIRE?

You need a savings rate to invest. And, as you will see, you need to invest to reach any meaningful level of FIRE.

1. Savings Rate

Our savings is decidedly more in our control. But income is also in our control. It takes a big mindset shift to realize this and make an according change in your life.

2. Income

This margin is your start-up cash. It is your seed money to reach FIRE. You need to treat it as such. Love it. Protect it. Put it to good use.

3. Margin

How you invest your money is also very important. But I mean this less in the sense of the specific investment vehicles that you use.

4. Investing

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