Hack Your Wealth

How to FIRE with confidence, step by step


Listen Later

#60: Over the past year, I’ve done various podcast episodes about early retirement. I’ve also had numerous guests share their FIRE stories.

But what about the tactical steps for how to FIRE?

Many FIRE blogs talk a bit too high-level and not enough about the mechanics of how to do it, step by step.

So in today’s episode, I share tactics and best practices I’ve observed on how to retire early. With confidence and assurance. With hard numbers and analysis. With a proper weighing of risks and tradeoffs.

If FIRE is a goal for you, then be sure to listen closely for key insights on how to do it effectively.

What you’ll learn:

  • How to project your early retirement cash flow needs / expenses with clarity and confidence
  • How to project your retirement income cash flows with clarity and confidence to match those expenses
  • How to build the investment assets needed to generate that retirement income
  • The 4 main type of investment assets for funding early retirement (and their tradeoffs)
  • How to withdraw your retirement spending needs while minimizing risk
  • How certain life milestones will impact your income and expense projections
  • Tax planning in early retirement

Check it out here:

https://hackyourwealth.com/early-retirement-fire


What tips from today’s episode do you agree with / not agree with? What questions of yours about FIRE did I not answer? Let me know by leaving a comment.

Don't miss an episode, hit that subscribe button...

If you liked this episode, be sure to subscribe so you don’t miss any upcoming episodes!

  • Apple Podcasts
  • Overcast
  • Spotify
  • Stitcher

I need your help, please leave a listener review :)

If you liked this episode, would you please leave a quick review on Apple Podcasts? It’d mean the world to me and your review also helps others find my podcast, too!

Links mentioned in this episode:

  • The exact spreadsheet I use to analyze my income, expenses, and net wealth
  • How to set your target asset allocation and rebalance your portfolio efficiently (HYW058)
  • Download my FREE spreadsheet to track your current vs. target asset allocation
  • Retirement withdrawal calculator: How long will your savings last in retirement?
  • My 4×4 FIRE framework for creating and protecting wealth (HYW002)
  • Schedule a private 1:1 consultation with me
  • HYW private Facebook community

 Intro/Outro: Old Bossa by Twin Musicom.

...more
View all episodesView all episodes
Download on the App Store

Hack Your WealthBy Andrew Chen

  • 4.6
  • 4.6
  • 4.6
  • 4.6
  • 4.6

4.6

70 ratings


More shows like Hack Your Wealth

View all
The Meaningful Money Personal Finance Podcast by Pete Matthew

The Meaningful Money Personal Finance Podcast

81 Listeners

Retirement Answer Man by Roger Whitney, CFP®, CIMA®, RMA, CPWA®

Retirement Answer Man

1,287 Listeners

Retirement Starts Today by Benjamin Brandt CFP®, RICP®

Retirement Starts Today

505 Listeners

ChooseFI by ChooseFI

ChooseFI

5,084 Listeners

Big Picture Retirement® by Devin Carroll, CFP® & John Ross, JD

Big Picture Retirement®

513 Listeners

White Coat Investor Podcast by Dr. Jim Dahle of the White Coat Investor

White Coat Investor Podcast

2,430 Listeners

The Financial Samurai Podcast by Sam Dogen: Financial Samurai founder, personal finance blogger

The Financial Samurai Podcast

561 Listeners

BiggerPockets Money Podcast by BiggerPockets

BiggerPockets Money Podcast

3,052 Listeners

Ready For Retirement by James Conole, CFP®

Ready For Retirement

788 Listeners

Early Retirement - Financial Freedom (Investing, Tax Planning, Retirement Strategy, Personal Finance) by Ari Taublieb, CFP®, MBA

Early Retirement - Financial Freedom (Investing, Tax Planning, Retirement Strategy, Personal Finance)

36 Listeners

Retirement Planning Education, with Andy Panko by Andy Panko

Retirement Planning Education, with Andy Panko

725 Listeners

Retirement Answers by Jacob Duke, CFP®

Retirement Answers

100 Listeners