Financial Mission

#97 What is FIRE (Financial Independence, Retire Early) and Is It Right for You?

Jess Episode 97

In this episode of the Financial Mission Podcast, host Jess Wayne delves into the FIRE movement, which stands for Financial Independence Retire Early. The episode covers the core principles of FIRE, such as aggressive saving and strategic investing, to retire significantly earlier than the conventional age. Jess discusses different FIRE paths including lean FIRE, fat FIRE, and barista FIRE, and breaks down practical steps to calculate your FIRE number, cut expenses, increase income, and invest for long-term growth. Additionally, she highlights the importance of maintaining discipline and reassessing progress regularly. The podcast also touches on the pros and cons of the FIRE lifestyle, emphasizing the need for a balance between financial goals and personal happiness. Whether listeners are striving for full financial independence or just want to improve their financial situation, Jess offers insights and advice on how to design a life of freedom and purpose.

If you loved this podcast and you are feeling encouraged and ready to tackle your life + finances, would you do me a favor and share it with 3-5 of your friends? Thank you and be sure to make today a great day!

For ALL my info: (Blog, Podcast, Courses, Free Webinar: 3 Financial Strategies to Grow Your Photography Biz, Free Budgeting 101 online course,  Financial Mission Membership program, and my exclusive 1:1 Money Coaching Program + Private Facebook Community, head-on over to https://www.jesswaynecoaching.com/)

https://linktr.ee/jesswaynecoaching

If you would do me a favor and share on social media that you are enjoying this podcast I would be so appreciative. You can tag me in the post and you will be entered into a monthly Starbucks or Caribou gift card drawing!!

People on this episode