Here’s How Francis Retired Early at 37 with $1.2 Million
Is FIRE worth it?
Financial Independence, Retire Early (FIRE) is a movement of people devoted to a program of extreme savings and investment that aims to allow them to retire far earlier than traditional budgets and retirement plans would permit.
But what happens if you push a little too hard? Is it worth it?
This is the story of Francis who did push a little too hard and ended up retiring at 37 with $1.2 million in the bank.
Here’s how he did it.
Be Ready for This
Francis says that to do what he did, you need to accept the fact that it’s going to be uncomfortable. You’ll need to push hard, and it probably won’t feel very nice.
The other thing is that you’ll need to change your habits (and this is where most of the people will fail). You have to become VERY frugal. At one point Francis chose to not even own a cellphone and used an iPod Touch to get by. He even advices to not buy things that expire or can get destroyed over time. This’ll help save money.
Sure, you can relax once you get closer to FIRE, and maybe not push too hard, but there’s no denying that the beginning will be brutal.
