How Sim Plans to Retire by 40: The Financial Independence, Retire Early Method

This week, Sim and Maia discuss Sim’s plan to retire by 40 using the FIRE (Financial Independence Retire Early) method. She explains that the FIRE method involves calculating how much money you need to live off each year and then investing that amount to generate passive income. Sim shares her own FIRE number and discusses the strategies she uses to achieve financial independence, such as investing in shares, index funds, and real estate. She also talks about the challenges of balancing spending and saving while pursuing early retirement.Watch the episode on Youtube hereFor more Friends That Invest:Sign up for the weekly Stock Market Tea newsletterInstagramTikTokTwitterFacebook'Til next week, team! We’ve rebranded from Girls That Invest to Friends That Invest—same mission, new name. Thanks for growing with us. Hosted on Acast. See acast.com/privacy for more information.