Is FIRE still possible?
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Recent turmoil, record inflation, and a potentially uncertain stock market have left many wondering whether early retirement is still an option, especially for those in the FIRE (Financial Independence, Retire Early) movement. Despite these concerns, achieving FIRE is still possible with the right approach and adjustments.
Factors such as creating new sources of income, increasing savings rates, eliminating debt, maximizing investment opportunities, being more conservative with withdrawal rates, and following a comprehensive financial plan can contribute to early retirement. Adaptability and open-mindedness are essential to overcoming market uncertainties and achieving FIRE goals.
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