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Retiring Early: 4 Principles of the FIRE Movement

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There comes a time in your life when you feel that you are ready to quit working and enjoy the fruits of your labor with a well-earned retirement.

If you have an entrepreneurial streak or simply want to generate as much income as possible, as quickly as possible, you will probably be a regular visitor to sites like journeytobillions for inspiration.

It may be that one of those ideas leads you to unlock the money you need to be able to retire early. You might also want to consider the principles of the FIRE movement, which is an extreme saving and investment movement that is designed to achieve a goal of Financial Independence and to Retire Early.

Here is a look at the key principles behind the FIRE movement.

Live for tomorrow

If you truly want to retire as early as possible you are going to have to make short-term sacrifices and adjustments to the way you live in order to achieve that goal.

A key element of the FIRE movement revolves around your ability to be financially disciplined with your money.

This means living as frugally as you possibly can so that you put aside as much of your income into savings and investments as possible. The target figure is to save 70% of your income and avoid debt as much as possible, or at least pay off your mortgage as a matter of priority.

The magic number that makes early retirement a reality is to be able to accumulate a net worth that is a multiple of at least 25 times your current annual spending.

A typical person who aspires to the FIRE principles manages to put aside somewhere between 25% and 50% of their monthly income.

Put your money to work

Simply putting your money into a savings account won’t get you to the finishing line of early retirement and it will probably mean that your wealth doesn’t keep pace with inflation either.

You need to grow your savings by investing in the stock market and taking calculated risks with your capital.

A tracker fund that follows the performance of the stock market would be a typical investment strategy, but it always pays to get professional guidance if you want to try and get the best returns.

Home ownership

You are never truly free to retire until you have paid off the mortgage and own a property outright so that you don’t have to make regular monthly payments anymore.

A key FIRE principle is to clear the mortgage as early as possible, even if that involves directing some of your savings to overpay the mortgage to clear it quicker.

Boost your income

It goes without saying that the more money you can earn each year the quicker you will be able to build up the sort of financial wealth and independence that will allow you to retire early.

Look at potential additional income streams such as so-called side hustles, which are extra jobs you do alongside your regular work.

Taking on part-time work or maybe starting your own business that can be run while you keep your full-time job can all help you get where you want to be at a faster rate.

Looking at your current financial situation, could FIRE be your route to early retirement?

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International Bestselling Author Karen Oeser Releases New Book “Energized by Joy”

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International bestselling author, Karen Oeser’s latest book, “HerStory: Energized by Joy” will be available for purchase on Amazon.com on August 2, 2021.

In this book, Oeser shares her story of how she overcame years of abuse, multiple traumas, and several near-death experiences to become a joyful worship dancer and blessing finder. She also shares her platform with nine other brave warriors who share how they turned trials into triumph.”

In response to publishing her recent book, Oeser stated, “I make it my quest to find a blessing in any situation, regardless of how insurmountable and painful it might appear. I am thrilled to share my personal story with other women who have experienced trauma and are ready to start living again.”

Energized by Joy is a must-read for those seeking inspirational, enlightening, uplifting personal stories and experiences of issues that are affecting women – socially, economically, and environmentally.

About Karen Oeser – Author, Dancer, Coach, and Speaker

International bestselling author Karen Oeser is the founder of “Energized by Joy,” a faith-based brand that helps women celebrate everything life has to offer. She bravely pulls from her trials big and small through heartfelt devotions, dances, coaching sessions, and workshops to demonstrate that anyone can find inner joy and their unique purpose to serve others. As a John Maxwell Team Certified Speaker, Karen is a frequent podcast guest and conference speaker.

“Financial Literacy for Her” is Karen’s other baby. The coaching program is specifically designed to help women overcome their fear of money and empower them to build generational wealth.

In her capacity as a pastor and Licensed Minister of Dance, Karen works with families who have loved ones struggling with drug addiction, mental illness, and incarceration. In her free time, she loves spending time with her teenage sons, being outdoors, traveling, and volunteering at her church in Greenville, South Carolina.

To learn more about Karen:

Website: www.energizedbyjoy.com

Email: [email protected]

Facebook/Instagram: @energizedbyjoy

“HerStory: Energized by Joy” by Karen Oeser is now available on Amazon.com at https://www.amazon.com/dp/B099C47NCV or directly at https://energizedbyjoy.com/book/

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“Living Faith Out Loud” Virtual Conference With Keynote Speaker Dr. Lydie And Numerous Internationally Renowned Faith Leaders, Speakers, and Authors On Aug. 6-8, 2021

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Hear From Experts Like – DR. LYDIE LOUIS, PH.D. ES.Q,

The world’s most sought-after Business Legal Authority featured in The Wall Street Journal, The New York Times, USA Today & The New York Law Journal for her work to protect, monetize and empower Small Businesses and Investors.

Dr. Lydie is the Monetize You TV Channel owner, The Host of two shows; MONETIZE YOU and LADIES FIRST! She is also the Host of World-Class Leaders Radio, where she shares her insights and inspirations for today’s fast-paced global marketplace as we pursue our business and personal goals.

Dr. Lydie’s new TV shows, Monetize You and Ladies First, will launch on JD3TV on Wednesday, September 1st at 8 P.M. and 8:30 PM, respectively. Dr. James Dentley is CEO of JD3 Media and Inspired2Speak and is Dr. Lydie’s inspiration for launching her expertise across the media waves. Learn more about the impact that Dr. James is creating globally to provide the entrepreneur community with access to a worldwide media platform at https://jd3tv.com.

Dr. Lydie is currently the Chairman of In Pursuit Media & Co., a company that works with corporations, universities, and government agencies to teach best practices in the regulatory and compliance industries. In addition, she teaches how to build a culture of collective leadership resilience to organizations and business owners worldwide. She is also the CEO of Entrepreneur Legal Studios, a company that works with small business owners to provide access to legal know-how, to monetize and protect their original ideas, books, speeches, and systems. In addition, Dr. Lydie is the creator of The Ultimate Intellectual Property Mastery Retreat and The Ultimate Monetization Legal Cash Flow System.

Dr. Lydie is also Co-CEO of Money, Law & You Method with Dame Doria (DC) Cordova, who owns Excellerated Business Schools and Money & You.  Dr. Lydie shares her legal know-how related to making money, creating revenue, and monetizing your business assets. To learn more about Dr. Lydie’s joint venture with Dame Doria and their upcoming event on September 14, 15, and 16th in San Diego, go to  https://MoneyLawandYouExperience.com.

Dr. Lydie gives access to knowledge that has taken her two decades of working on Wall Street as an advisor, a financial regulator, an NYC law and business professor, and United Nations Country Trainer to empower people to build successful and sellable businesses to create inter-generational wealth, and leave the wealth that they create for their loved ones.

Dr. Lydie’s real-life academic know-how resonates with everyone from the C-Suite to middle management to business owners to women to celebrities. Providing access to proven powerful legal techniques to create a global impact that reverberates worldwide.

She was invited to present a TEDx Talk in London on “U.S. Corporations Were Created to Do Public Good, What Went Wrong?” Dr. Lydie has a B.A. from Columbia University, a Master’s in Finance from New York University, a J.D. from Fordham University, and a Ph.D. from the University of Barcelona.

Corporate executives hire Dr. Lydie to train employees to be more legally mindful in their employment transactions and coach key personnel. The United Nations hires Dr. Lydie to train entrepreneurs across the globe on the intellectual property laws that impact their businesses. Dr. Lydie has spoken at business, law, and tax conferences in over 100 countries.

Dr. Lydie teaches audience members how to apply her successful monetization methods to a wide range of businesses today. She shares winning tips for negotiating and particularly negotiating for women by women, boosting sales, improving employee morale, increasing productivity, and optimizing staff talents.

A few years ago, Dr. Lydie transformed her own professional career path to becoming CEO of one of the world’s fastest-growing business and personal wealth development training companies. She credits much of her success principles to being an emergency room volunteer medical intern at Coney Island Hospital in Brooklyn, New York when she was in high school. As a result, she has found the type of leadership, resilience, and specialized skills performance mastery that was required to assist in handling life-threatening medical emergencies from heart attacks to severe burns and gunshot wounds equally applies to businesses that want a competitive advantage to not only survive but to go beyond survival to thrive!

As an ivy league certified business motivational speaker and coach, Dr. Lydie’s riches to rags to riches success story of hunger, shame, sacrifice, hard work, strangers’ kindness, and perseverance will inspire any audience. Much more than a legal business coach, she shares her proprietary “Morena” blend of gratitude, intentionality, and champion mindset, which will empower audience members to make positive pivots in their lives for immediate and long-term success. Dr. Lydie, America’s Leading Business Legal Authority, will reveal how you can create a legacy of wealth for your loved ones.

Dr. Lydie’s keynotes, corporate workshops, retreats, business legal coaching, combined with her “Lessons from the Emergency Room,” provide practical business strategies, personal development insights, and a unique delivery style to create a high-energy and impactful learning environment.

To learn more about DR. LYDIE LOUIS, PH.D. ESQ. or reserve a time to speak with her directly about your business or personal goals; Text MONETIZE to 59925 or go to https://linktr.ee/DrLydie. Dr. Lydie’s academic publications and free VIP business resources are available to be downloaded on her website. https://drlydie.com.

Grab your FREE seat for the faith event of the year. Three days of inspiration, coaching, and worship. Register now: https://www.faithconference.info/registration.

Hosted and presented by Dorothy Wilson – Founder of Live Your Faith Out Loud Conference. Best-selling editor and author; speaker; CEO of GCW Media and Gulf Coast Woman and DWilson & Associates Publishing & Marketing; and managing partner of CWR Digital Gulf Coast. Gulf Coast Woman magazine is a successful publication that reaches an estimated 64,500 in print monthly and more than 113,000 online.

Dorothy says, “She is overwhelmed with gratitude as she sees how God has lined up top faith speakers, authors, and transformational business coaches to empower and develop those attending the Living Faith Out Loud Conference, a virtual experience Aug. 6-8. “I mean we’re talking Lisa Bevere, she has 1 million fans; Dr. Gary Chapman, five years on the New York Times best-seller list; Chrystal Evans Hurst, Dr. Tony Evans’ daughter; Cora Jakes Coleman, Bishop T.D. Jakes’ daughter, Dr. Saundra Dalton-Smith, Dr. Cheryl Wood, one of my mentors. This will be an epic event!”

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