Hack Your Wealth

How to FIRE with confidence, step by step


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#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.

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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.

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Hack Your WealthBy Andrew Chen

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