How To Reach Financial Independence & Retire Early on Low Income - F.I.R.E.

Can you reach financial independence retire early on low income in the UK? Spoiler: Yes, you can and I'll even show you the math. Also going over other reasons why your income doesn't matter when it comes to financial freedom and what you can do to reach financial independence on any income. Whether you're earning £20K or £50K in the UK it is really possible to reach F.I.R.E. without having to increase your income.

Medium Story: https://themakingofamillionaire.com/why-your-income-has-nothing-to-do-with-financial-freedom-a515a295fb90
Mr. Money Mustache Post: https://www.mrmoneymustache.com/2012/01/13/the-shockingly-simple-math-behind-early-retirement/

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0:00 Intro
0:37 Savings Rate Vs Income Earned
01:33 Mr. Money Mustache - Shockingly Simple Math Behind Early Retirement
03:04 Calculation of Retiring Early on Low Income
06:54 The Power of Compound Interest
10:09 How I Started Saving More For Early Retirement
11:05 Have Fun With Money
13:16 How to Cut Back on Spending
15:01 Learn to Invest Your Money So You Don't Have to Work

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Disclaimer: This video is for informational and entertainment purposes only. It's not to be taken as financial advise. Some links may be affiliates.

#financialindependenceretireearlyuk #mrmoneymustache #financialindependenceretireearly #financialfreedom

Видео How To Reach Financial Independence & Retire Early on Low Income - F.I.R.E. канала Abi Chow - Financial Minimalism