This concept is called Coast Fire🤯🔥 #financialindependence
Here’s the Coast FIRE formula⬇️ Multiple your desired spending in retirement, or $75k by 25. This is $1,875,000💸 Divide this number by 1.07 raised to the years from retirement. This assumes you earn 10% and inflation is 3%. When in retirement you can safely withdrawal 4% of your nest egg. Or in this case, 4% of $1,875,000 = $75,000. You don’t need to invest your entire life. Your money is working for you🤯 Ready to invest confidently? I’ll show you exactly how. Get on the waitlist to join me in a free class. Save your spot in profile.🔗✨ ❤️ Carly #financialindependence #retirementplanning #investingforbeginners #investing101 #thefinancplan
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