My Financial Independence, Retire Early (FIRE) Strategy: Freedom Through Passive Income

My top financial goal is to achieve financial independence. That would allow me to retire early if I choose. It's not that I don't want to work anymore; I just don't like the stress of relying on my income from work to cover my living expenses. As artificial intelligence's (AI) capabilities continue to improve, I can see the writing on the proverbial wall for my profession. However, unlike many people following a FIRE (Financial Independence, Retire Early) strategy, my wife and I don't want to cut our living expenses to the bare bones. While we're pretty frugal, we also want to live comfortably. That's why I'm focusing on building my sources of passive income instead of trying to accumulate a large amount of assets (e.g., FATFIRE). I also don't want to have to sell my investments when they're down to cover my living expenses. I want to rely on my recurring passive income to fund my basic financial needs. Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool