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Anonymous
There are many resources which talk about the pitfalls of FIRE. For eg, get difficult to relate to other working people, lost of purpose and social network from work, lost of intellectual simulation, etc.
Refer to more in this article: https://www.financialsamurai.com/the-dark-side-...
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Chong Qi Hui
Edited 19 Oct 2021
Real Estate & Investment | Facebook Page at https://bit.ly/FBpageQH
Rather than pursuing FIRE or financial freedom, I would tend to work towards the freedom of choice in the future.
I'm 30 years old and I hope that I future I work because I choose to, not because I want to so that I can pursue the work I truly enjoy.
Still on my road of self-discovery, I think it is good to continue working even you reached retirement age, perhaps at a slower pace or on an advisory role.
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I do not want to stress myself too much as I do still want to enjoy life now. My bf is not even on the same page as me so it's been a little tough on my mind but I'll take it slow as we have big purchases soon (wedding, house) so I sort of understand why he wants to delay investing. So I hope to FIRE by 50 or 55 even (that's about 20-25 years later). After that age, I'll probably still find part time work to do so my brain remains active and take as many leave as I so desire haha so I may travel the world or even just frequent jb travel with my big family :) can't afford to pay for many people Hahahah
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My wife and I aims to retire by I'm 40, which is 10 years later. By then, hopefully we would have reached FRS in SA, and $1.5m in cash assets.
targetting 5% returns will give us about $75k annually - $6,250/month. It will gives us the flexibility to not work, enjoy our life spending more time with each other and doing some light traveling. :)
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For myself, i aim to retire by 45.
After which my main goal is to travel the world.
Hopefully ke...
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30 is miracle. 40 is dream. 50 is achievable.