Personal Finance
Better Finances for a Better You
Topic: "Lean FIRE"
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information about your money.
Did you know?
The average retirement age in the U.S. is between 64 and 66 years, and Canada has a similar average of around 65.
The Average Retirement Age in 2024: US vs. Canada →Infographic of the week
How Far $1 Million Gets You in Retirement, by U.S State
Becoming a millionaire has long been a dream for people worldwide. In most cases, the million-dollar mark is seen as a symbol of financial success and prosperity. However, with the rising costs of housing, healthcare, and food, is $1 million really enough to stop working? This graphic illustrates how long $1 million, combined with Social Security benefits, would last in each U.S. state, according to data from GOBankingRates. The analysis includes groceries, healthcare, housing, utilities, transportation, and miscellaneous expenses.
In three states—Massachusetts (19 years), California (16 years), and Hawaii (12 years)—$1 million would be completely spent in less than 20 years →Budgeting
56 Almost Effortless Ways to Save Money by Brooke Nelson Alexander
Practical tips from separating your bananas to slow down the ripening process to checking your tires →Budgeting
What is the FIRE movement and how does it work? By Andreina Rodriguez
The concept of early retirement has gained momentum in recent years, but is it attainable for everyone →Word of the week
Lean FIRE
Lean FIRE is a lifestyle movement with the goal of gaining financial independence and retiring early. With Lean FIRE the goal is retire early and live a frugal lifestyle. You would likely live on the minimal necessities and save the rest, and your retirement would be more frugal in nature.
Lean FIRE: The Fast Track to Early Retirement – If You Can Stomach a Small Budget by Nick Wolny →← Curating the web to find the most interesting and helpful information about your money.