Market Watch by Erica Sweeney 11/4/2019
Realtor.com crunched the numbers and found these FIRE-friendly locationsEveryone dreams of retiring someday. But retire early, in your 30s or 40s? As far-fetched as this fantasy may seem, there’s a name for this wish that could help make it happen: FIRE.
Short for Financial Independence, Retire Early, the FIRE movement finds its roots in the 1992 best-seller “Your Money or Your Life†by Joe Dominguez (a Wall Street financial analyst who — you guessed it — retired at 31) and Vicki Robin (who turned a modest inheritance into an income stream that allowed her to quit work at 23).
Although the idea of FIRE has been around for 25-plus years, it’s recently become the obsession du jour among a seemingly unlikely group: millennials. Say what you want about their adoration of avocado toast, but this group is gung-ho to quit the rat race ASAP. But how?
In a nutshell, the FIRE premise works like this: In your early working years, you adhere to a strict, even spartan, budget so you can sock away 40% to 70% of your income and wisely invest it.
More:
https://www.marketwatch.com/story/10-best-places-to-live-if-you-want-to-retire-early-2019-11-04Many moons ago I had a coworker that was saving her entire salary, though her husband was a lawyer.
I was only able to put away around 15% of mine. No retirement before 40 for me.