A Chasing Sunsets Fund – A Better Way to Plan Nice-to-Haves in Financial
Independence.
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One of the spending needs that many of you would consider as part of the
income needs for your financial independence (FI) or FIRE, is to have
enough mon...
3 days ago
The moral of the story: Slow and steady will win the race and never get distracted along your journey towards your end goal
ReplyDeleteCW,
ReplyDeleteLOL!
And that's your evidence-based thesis?
OK...
That's why I say we are what we are ;)
Slow and steady strategies work well for those who aspire to retire financally secure in their 60s with no money worries. Natural fit would be passive indexing or voluntary contribution to CPF (although I wouldn't call it investing).
Those who seek FIRE by age 35 definitely have no time nor interest for above tortoise strategies :(
Not when going to work everyday is a torture...
The quicker they achieved escape velocity the better! Then got all the time in the world to figure out what they want to do with their remaining time here on earth ;)