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5 Myths About The FIRE Community (is early retirement even possible?)

There are many myths about the FIRE community I address and discuss in this video. The reality is, the FIRE movement is misunderstood by many, especially the media. Because of that, it can get a bad rep. After all, FIRE stories usually make you think "how the heck did they do that?" and "why the heck did they do that?" If you're new to FIRE (financial independence, retire early), you might have some questions: Does it work? How much do you have to save? How do you invest for early retirement? Do you have to budget? Can you achieve FIRE on a low income? I'll answer all of that and LOTS more! ⭐ FREE COURSE ⭐ Preview my new online course Save Money Resolution here: https://www.themoneyresolution.com/of... ⏱️ TIMESTAMP 0:00 Welcome 1:10 FIRE - I was wrong... 2:48 My financial plan 3:17 The 5 Myths 3:52 Myth #1 5:33 Myth #2 7:46 Myth #3 9:59 Myth #4 12:32 Myth #5 14:47 Bonus 16:15 Final thoughts 18:25 Thank you 🎬 SUBSCRIBE YouTube (1-click): http://bit.ly/2P2h3BL 📚 SHOP MY BOOKS The Money Resolution: https://amzn.to/3ixTyOp Money, You Can Hack It: https://amzn.to/2ZHFHwd Save Half, Retire Fast: https://amzn.to/3UARdVB Ready, Money Mindset, GO!: https://amzn.to/3M9Xtky Sign up for Audible and listen free: https://amzn.to/33AaCuM 📱 SOCIAL Website: https://www.themoneyresolution.com Facebook Group:   / themoneyresolution   Instagram:   / themoneyresolution   Twitter:   / moneyresolution   📧 CONTACT Email: [email protected] 🛒 AMAZON HACKS (affiliate) Join Audible and get TWO free audiobooks: https://amzn.to/2OeT81s Join 'Honey' FREE & save while shopping online: https://www.joinhoney.com/ref/we6epe1 📷 MY EQUIPMENT All listed items are affiliate links, meaning I'll make a small commission if you make a purchase: Canon M50: https://amzn.to/32NWKQs Rode VIdeoMic NTG Microphone: https://amzn.to/2Hes3uP Rode VideoMicro: https://amzn.to/3iVfy5l Logitech MX Master 3 (mouse): https://amzn.to/39oQ90c Logitech MX Keys (keyboard): https://amzn.to/2ZVppBb Thanks for watching!