The Financial Independence, Retire Early (FIRE) movement is a lifestyle goal to have enough investment income and returns to pay for one’s living expenses - forever. The objective is to grow your financial assets extremely quickly by spending way less than you earn, avoiding debt, and investing consistently & aggressively to reach FIRE as early as possible.
During this session, FIRE-Path Lion, a Singapore based finance blogger and Sheng Shi Chiam, Personal Finance Lead of Endowus, will share their motivations and plans around achieving FIRE in Singapore. They will talk about the magic formula and savings rate to calculate how much wealth you need for FIRE. They will interact with viewers through the Live QnA, and share their thought around CPF for FIRE.
1:04 Self introduction
6:51 What is FIRE about?
12:07 Personal Motivations around Financial Freedom...