More and more young professionals are envisioning an early retirement as their main financial goal. Most have turned to the “FIRE” movement, which stands for “Financial Independence, Retire Early,” for information. This movement promotes frugality, and sometimes extreme frugality, to reach financial goals.
In the video below, I explore a hypothetical example to illustrate how much earlier one would be able to retire if they spent ten years living an extremely frugal lifestyle. Enjoy!
Christopher Diodato founded WELLth Financial Planning in 2020 to help individuals live their best financial lives through expert, conflict-free guidance. He carries a rare combination of credentials — the CFA, CMT, and CFP charters — allowing him to create and implement best-in-class investment and financial planning strategies. A passionate advocate of the FIRE movement, Chris helps clients design life plans that reflect their unique vision of financial success, whether that means early retirement or more time for what matters most.