{"id":173,"date":"2020-12-21T05:41:59","date_gmt":"2020-12-21T05:41:59","guid":{"rendered":"https:\/\/wordpress-655153-2137993.cloudwaysapps.com\/?p=173"},"modified":"2020-12-21T05:54:59","modified_gmt":"2020-12-21T05:54:59","slug":"msfire5","status":"publish","type":"post","link":"https:\/\/msfiremama.com\/msfire5\/","title":{"rendered":"FIRE Up Your Life in 2021"},"content":{"rendered":"\n
FIRE, Financial Independence, Retire Early, is so appealing because it lets you choose your own destiny. FIRE allows you these options because you are the architect of the life you want. You curate your activities and income streams by the things you choose whether its investing in real estate, selling products you create or becoming a YouTube personality. <\/p>\n\n\n\n
Financial independence is a process and a mindset. It\u2019s not about reaching a certain net worth or having a specific amount saved that makes you financially independent. Yes, the money part is important. It\u2019s the vehicle to let you choose your dreams. However, dozens of articles outline people who figured out how to quit their jobs and live off of $500,000, a million dollars, etc. in savings. It\u2019s not attainable without prioritizing values, time and energy. <\/p>\n\n\n\n
You can be financially independent and still work a nine to five job. You can be financially independent and only work a four-hour work week. You can be financially independent and not work at all. It takes so many shapes because it\u2019s based on what you want–not a framework of what should be. <\/p>\n\n\n\n
The Nine-to-Fiver<\/strong><\/p>\n\n\n\n Take a person who works a full-time job and considers herself financially independent. Why is she still employed? It could be that she\u2019s doing work she loves whether it\u2019s for a nonprofit for a cause that\u2019s close to her heart or because she really enjoys a job she has. Her place in the workforce is a choice. She could have real estate investments that generate $100,000 in income or just $25,000. Whatever it is, she is spending time doing things she loves, or rather, that she chooses.<\/p>\n\n\n\n The Four-Hour Work Weeker<\/strong><\/p>\n\n\n\n Then there\u2019s the Four-Hour Work<\/a> Week folks. This person may have an amazing widget that generates all the money he needs. He checks in on his teams and helps troubleshoot issues, but mainly lets the people he hired run the show. Then the rest of the time, he\u2019s traveling the world, learning new languages and training to be an Olympic curler. It\u2019s the same with the Nine-to-Fiver. This person is choosing to spend his time doing the things he loves.<\/p>\n\n\n\n The Frugal Lifer<\/strong><\/p>\n\n\n\n You\u2019ve read about the people who save a certain amount of money and quit their jobs. This type of person really has to hone in on his or her values because a limit has been set on a fixed budget. A life like this is possible because this person has decided that he can live a certain way based on a dollar value. This can mean all sorts of things like the person only eats Ramen but will spend thousands of dollars on vacations each year. Or person doesn’t value name brand clothes and will only buy used or traded<\/a> items. A person in this category tends to be more extreme, depending on the size of the pot they have chosen to live off of for the rest of his life.<\/p>\n\n\n\n