How to FIRE with confidence, step by step

Hack Your Wealth

Hack Your Wealth
How to FIRE with confidence, step by step
Dec 08, 2020 Episode 60
Andrew Chen

#60: Over the past year, I’ve done various podcast episodes about early retirement. I’ve also had numerous guests share their FIRE stories.

But what about the tactical steps for how to FIRE?

Many FIRE blogs talk a bit too high-level and not enough about the mechanics of how to do it, step by step.

So in today’s episode, I share tactics and best practices I’ve observed on how to retire early. With confidence and assurance. With hard numbers and analysis. With a proper weighing of risks and tradeoffs.

If FIRE is a goal for you, then be sure to listen closely for key insights on how to do it effectively.

What you’ll learn:

  • How to project your early retirement cash flow needs / expenses with clarity and confidence
  • How to project your retirement income cash flows with clarity and confidence to match those expenses
  • How to build the investment assets needed to generate that retirement income
  • The 4 main type of investment assets for funding early retirement (and their tradeoffs)
  • How to withdraw your retirement spending needs while minimizing risk
  • How certain life milestones will impact your income and expense projections
  • Tax planning in early retirement

Check it out here:

https://hackyourwealth.com/early-retirement-fire


What tips from today’s episode do you agree with / not agree with? What questions of yours about FIRE did I not answer? Let me know by leaving a comment.

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Links mentioned in this episode:

 Intro/Outro: Old Bossa by Twin Musicom.