'Forget Quiet Quitting, fatFIRE is the Newest Workplace Trend' careers careeradvice
FatFIRE is a movement that advocates getting rich quickly to retire young and rich. The group doesn’t necessarily love their jobs, careers, and bosses; they just want to get out as quickly as possible. People who ascribe to this philosophy are willing to put in the time and effort to make as much money as possible and then peace out and retire while they’re still young. Their mantra is to “retire with a fat stash” and live off the dividends and payouts from their investments and side businesses.
Their mantra is to “retire with a fat stash” and live off the dividends and payouts from their investments and side businesses. Many seek a cash flow of around $100,000 annually as the benchmark for calling it quits and leaving the work world. Their definition of having enough money to spend $100,000 yearly in retirement requires a portfolio of around $2.5 million.
If you look at the historical records of the stock market, you’ll see that there are times of booms, followed by corrections and crashes. For example, the great financial crisis of 2008 saw stocks plummet and the economy crater. Similarly, real estate and other investments with big rewards come with significant risks.
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