I am 60 and I retired a few years ago. I still have a side project that I work on because it is interesting to me; but I can work on it as much or as little as I want.
While it is the kind of project that can 'change the world'; my well-being does not depend on its financial success.
You don't have to hit the lottery to FIRE. Just make good money for a reasonable length of time and live beneath your means. Save and invest and before you know it, you don't need to do the daily grind in order to meet your needs and many of your wants.
That's great. What is your Net Worth?
I am curious to learn about how you planned for the retirement and what can I learn to manage myself in retirement. I am 38. I imagine I might have 12-15 years of more work before retirement.
1) Get on the same financial page as your spouse and stay married. Although not necessary, it really helps if they also have a good income.
2) Get out of debt early. Stop paying interest and start getting it as you invest what you otherwise would use to service your debt.
3) When you get a windfall (bonus, lottery, inheritance, lucky stock pick); invest at least half of it before spending the other half on wants.
4) When you splurge (we all do now and then); do it on smaller things instead of big ones.
5) Pay attention to small things. Save a few bucks here and there and it can really add up. Compound interest is a wonderful tool. Saving a $100 this month can turn into $10K+ over 20 years of wise investing.
There are many more things, but that is my top five.
While it is the kind of project that can 'change the world'; my well-being does not depend on its financial success.
You don't have to hit the lottery to FIRE. Just make good money for a reasonable length of time and live beneath your means. Save and invest and before you know it, you don't need to do the daily grind in order to meet your needs and many of your wants.