Example Of FIRE

I read with interest on the meaning of FIRE. I opted for FIRE because I was burnt out on my career. This led to an oversimplified solution. If my career was the source of my unhappiness, I should puruse the opposite: retirement. In the course of planning for early retirement, I realised retirement with no work and income would solve some of my problems while creating new ones. A traditional retirement might become less interesting. I am of view that it is the preclude to the big thing. Having lesser things to do during retirement, will enable me to plan the interesting activities during the retirement period. This is the advantage of having the time to do so.

I read the post which mentioned a software engineer in a suburb of Denver writing code for a medical device. He is said to be making about $110,000 a year and had benefits but he was under the huge pressure from his job.  This made him feel whether it is worthwhile for him to continue his job. He did not have the time to unwind with his family after work. He spent days huddled over the toilet. He lost 10 pounds. He started to wonder how he could retire early. He talked to his wife and came up with a plan. They saved a sizable portion of their income over the next five years and drastically reduced expenses, until their net worth was around $1.2 million.  On 10 March 2017 (Tuesday), he gave notice to his boss after 15 years at the company. He retired at the age of 43.

WTK

 

Author: firewtk

A middle-age Singaporean currently having a minimalist and simple lifestyle. I am not longer in full-time employment with effect from 1 May 2019. I try my very best to write one post per day on this blog. The purpose is to share my prevailing thoughts to interested readers. It is up to the interested readers to decide whether they want to take action in embarking on the FIRE journey. I do not gain anything from this blog and it is solely for sharing hopefully for the benefits of all interested reader. WTK

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

This site uses Akismet to reduce spam. Learn how your comment data is processed.