7 Investments to FIRE Up a Fat Stash and Retire Early
Two years ago, I wrote about buying on the dip as an investment strategy for those in the FIRE movement. FIRE stands for Financial Independence, Retire Early, and involves a commitment to both cutting your daily expenses and an accelerated investment strategy. Today, FatFIRE is the “in” retirement concept. FatFIRE takes things a step further. Devotees to this new movement want to be able to “retire with a fat stash” that allows them to live on around $100,000 a year . According to Fortune, FatFIRE split off from FIRE in 2016 when a Reddit user decided cutting his expenses to the bone wasn’t his idea of a good time. And so the subreddit r|fatFIRE was born. Today, it has more than 330,000 members. The downside of FatFIRE is that it’s incredibly unrealistic. Very few people have the skillset to pull it off. Financial planner Dana Menard puts it at around a tenth of the population. If you believe you’re in this cohort, though, here are seven investments to help you with your FatFIRE dreams.
7 Investments to FIRE Up a Fat Stash and Retire Early
Two years ago, I wrote about buying on the dip as an investment strategy for those in the FIRE movement. FIRE stands for Financial Independence, Retire Early, and involves a commitment to both cutting your daily expenses and an accelerated investment strategy. Today, FatFIRE is the “in” retirement concept. FatFIRE takes things a step further. Devotees to this new movement want to be able to “retire with a fat stash” that allows them to live on around $100,000 a year . According to Fortune, FatFIRE split off from FIRE in 2016 when a Reddit user decided cutting his expenses to the bone wasn’t his idea of a good time. And so the subreddit r|fatFIRE was born. Today, it has more than 330,000 members. The downside of FatFIRE is that it’s incredibly unrealistic. Very few people have the skillset to pull it off. Financial planner Dana Menard puts it at around a tenth of the population. If you believe you’re in this cohort, though, here are seven investments to help you with your FatFIRE dreams.