A lot of people who had no idea there was a 'movement' called FI/RE (Financial Independence/ Retire Early) were made aware of it over the last few weeks as Suze Orman pitched in her two cents.
The American dream of accumulating $1,000,000 and retiring was her target, millenials were the bullseye. She claimed that now people should look towards $5,000,000 or $10,000,000 in savings before considering to retire...so basically never for probably 99% of people listening to her and believing her.
I have been part of this movement before I even knew it was a movement, to me it was called 'common sense', using the basic premise 'spend less than you earn, invest the difference to try to create passive income', but be aware that returning to work is a possibility.
i think the most import thing is to be aware what compound interest is, and understand it, or let Albert Einstein tell you about it - "Compound interest is the eighth wonder of the world. He who understands it, earns it ... he who doesn't ... pays it. Compound interest is the most powerful force in the universe."
To me it’s less about retiring early and more about having the freedom to pursue your dreams and ambitions...that was my goal, I semi-retired when I was 40 (worked a little part time) and fully retired when i was 44...and before you jump in and presume I had a very high paying job, I NEVER earned six figures EVER.
So are you in? What are your thoughts about it? Success stories?