financial independence

FAANG employees have many advantages in achieving Financial independence but need to plan their goals, guard against lifestyle creep and invest wisely. A key priority for tech workers is managing their RSUs while ensuring asset diversification. 

Physicians have the potential to achieve financial independence early, despite challenges such as a relatively late career start and high student loans. With the right plan, MD FIRE or Doctor FIRE goals become achievable without compromising patient care or personal well-being.

Evaluate your readiness for real estate investing. Analyze the market and analyze ROI, cap rates and breakeven rent, and model negative market scenarios as part of your analysis. 

Chubby FIRE involves retiring with a net worth of $2.5M to $5M and enjoying a comfortable upper-middle class lifestyle. Maintain a healthy balance between enjoying a good lifestyle while ensuring disciplined saving and budgeting. 

The Fat FIRE approach involves working very hard early in your career to save up a fat nest egg, retire early and enjoying a very affluent lifestyle in retirement.

Lean FIRE is the variation of the Financial independence/ Retire early (FIRE) movement that involves extreme frugality and minimalism both before and during retirement.

The Coast FIRE approach focuses on saving aggressively early in your career and accumulating assets and then working on a job that is less stressful or something you are passionate about.

Planwell is a fully automated AI financial planner and advisor that helps individuals and families make financial decisions that are hyper personalized to their goals and lifestyle.

Here is a step-by-step plan to get on track to retire early at age 55. Create a budget and boost savings and income. Control your retirement lifestyle and expenses. Invest consistently and manage risk

Here are 10 concrete steps to build a comprehensive financial plan.

FIRE is a financial movement that focuses on achieving financial independence through frugal living, aggressive saving and strategic investing.

Our first blog post highlights some very common money mistakes that are made by even the savviest people.