One day when I attend the meeting, one of the attendee talked about "FIRE" question, I thought he was talking about him being fired or something but it end up whole the room know the meaning of the word "FIRE" except me.
FIRE is Financial Independence and Early Retirement. This is really common in the young talented people nowadays (age 30s-40s). They are who seek financial and life freedom. Some of them even attend the meeting with me on that day. They all look so happy because they can retire early and now they work what they like (follow their passion without 9 to 5 job), can go travel, etc.
Honestly I really envy them but what I don't really like about this, FIRE is seem easy for the person who hmmm maybe don't have life. Because think about it. to be financial freedom, when you still working, you have to save 40%-75% of your income !!! ARE YOU CRAZY?? I will never do that! I can't barely save 10% lol
But yeah, if you can do that you will retire early. But you can also take the risk by put more on your 401K (you can put 4% instead 2% because your employer will match it) so you will get more 401K. And Forbes said that there's the way you can withdraw the 401K without get penalty.
At this moment, I like the way I do. I tried to get my 401K money and move it to my own annuity. I just graduate and achieve my B.B.A. I can say that I feel that I am on FIRE now. If you feel like you want to talk to me more about this, feel free to send me message ok. and don't forget to sign up. Thank you for read my blog.