Furry Faced Finance

In this episode we review the retirement options we've discussed during this series. 

The FIRE model of retirement can be tweaked in interesting ways to make it fit as a retirement model for a lot of unique situations. 

In this episode, we take a look at the FIRE model for retirement (Financial Independence Retire Early). 

In today's episode of Furry Faced Finance we cover the traditional model of retirement. This is the model your parents followed (and your grandparents before them). It's still a great model for retirement and and may be the best option for you.

Retirement is no longer a "one size fits all" thing. There are several approaches young adults can take to retirement. You just need to decide which one fits your needs best. 

Most people think of a budget as restrictive, but it is actually very freeing. In this episode of Furry Faced Finance we discuss why.

Take too much risk with your investing and you could lose everything you've worked so hard to accumulate. Don't run risks. Invest long term with low risk investments. 

If it sounds too good to be true, it probably is. Your best bet is to ignore get rich quick schemes and invest for the longterm.

If it sounds too good to be true, it probably is. The great thing about getting your finances in order at an early age is that you have plenty of time to not take risks and just let your money grow. That's what this episode is all about. 

Last week we talked about the importance of paying yourself first and we recommended that you set aside 10% of your income. This week we're going to discuss the baby steps to investing your 10%.