Description
Rather than living the standard paycheck-to-paycheck life, many people are choosing to get FIREd, which stands for Financially Independent, Retired Early. Even if you love what you do and wouldn’t want to retire, why live your whole life dependent on the next paycheck coming in on time when you could have all the income you need to live without a paycheck? FIREd by Fifty will show you how to: * Create a yearly budget to harness your money and put yourself on a path towards financial independence. * Develop a cash flow plan to use the income you have to build a powerful portfolio to increase your income. * Calculate how much money you’ll need to become financially independent and then how to calculate your free cash flow goal: How much of your income you’ll need free to invest each year to reach financial independence on your schedule. And it doesn’t stop there. Once you know your free cash flow goal, FIREd by Fifty provides: * Tips on how to supercharge your cash flow plan to reach your free cash flow goal. * Details on how to invest your money, first to grow your wealth faster and then to generate the income you need to replace your salary or increase your spending power. * How to put your cash flow plan into action and stick to it to reach your goals. About the Author: Under the pseudonym of SmallIvy, Joseph M. Sheeley, Ph.D., has written hundreds of articles on investing and personal finance at his online investing blog, The Small Investor and has been featured on Rockstar Finance and Campfire Finance. A rocket scientist by day, he has been investing personally for more than thirty-five years and has managed million-dollar portfolios. He is also the author of the book, The SmallIvy Book of Investing, Book 1: Investing to Grow Wealthy.
