Last week, I wrote an article on the importance of savings and emphasis that prioritizing savings is often a neglected topic. In that article, I explained the importance of savings especially in your early years on your eventual retirement sum.
I thought that this topic can be further elaborated or even illustrated with the example of planning for Coast FIRE.
For those who are not familiar with FIRE (Financially Independence, Retire Early), there are usually a few forms of FIRE- Fat FIRE, FIRE, Lean FIRE, Barista FIRE, Coast FIRE etc. For more information on them, check this article out.
In my opinion, the least "stressful" form of FIRE might be Coast FIRE. The whole essence of Coast FIRE is to quickly accumulate a certain amount of money and allow the power of compounding to aid you in accelerating the growth of this amount of money to be your retirement sum...