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  • Retire In 5 Years😲, Step-By-Step Guide To Financial Independence💰, Combatting Food Inflation🍔,

Retire In 5 Years😲, Step-By-Step Guide To Financial Independence💰, Combatting Food Inflation🍔,

FIREwatch Financial Independence Update - 18th July, 2022

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FI/RE

Fire Flow Chart (You'll want to bookmark this!)This flow chart is one of THE most important resources anyone can have when reaching financial independence and retiring early. Made by reddit user u/happyasianpanda, it gives a simple step-by-step guide to allow you to outline the steps you need to take for financial independence. It's tailored for every situation, from employed to self employed and in-debt to debt-free!

Here's How Much You Need In Your Portfolio Right Now To Retire In 5 Years (6 minutes)cFIREsim is an early retirement calculator created by software developer Lauren Boland. The calculator is popular with the FIRE community for all of its detailed inputs. In this article, Business Insider calculated how much you need to retire early at four annual spending levels with no adjustments.

Investment Star Lauren Simmons on Financial Independence (3 minute watch)True wealth comes in the form of financial independence. In this episode of Invested by Refinery29, finance star Lauren Simmons demystifies economic buzzwords that are often heard but few understand. In today's world, participating in the stock market is more accessible than ever before.

How To Achieve Financial Independence (6 minutes)Do you work to live or live to work? If you work to live, then your job is central to your survival, regardless of whether or not you enjoy your work. In the live to work category you'll find overachievers who love their jobs or are desperate to make as much money as possible. Which is the better option? Or is there a better option entirely?

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Market

Big Banks Weight Bond Sales in Risky Market: U.S Credit Week Ahead (3 minutes)Some of Wall Street's biggest banks are exploring potential bond sales as recession warnings flash red and earnings season, a time when many companies release their quarterly earnings, gets into full swing.

Combatting Food Inflation by Investing in Farmland (8 minutes)With the latest U.S. inflation figures coming in hot at 9.1% last week, this included groceries up 12.2% YoY. The majority of Americans own their primary residences, therefore the majority of Americans have benefitted from housing inflation. Can buying farmland help the average American benefit from food inflation?

JPMorgan CEO Dimon sums up U.S. economy in one paragraph - and it sounds bad (4 minutes)Whilst the US economy "continues to grow and both job market and consumer spending remain healthy", there are many warning signs which include geopolitical tension, high inflation and weak consumer confidence.

Buy Now Pay Later Valuations: Down and to the right (2 minutes)BNPL (Buy Now Pay Later) Company valuations, including those such as Klarna which saw massive success during the Pandemic boom are getting a reality check as valuations plummet. 

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Top FI/RE Reddit Posts

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Best of FI/RE Twitter

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Wisdom Of The Week

"A big part of financial freedom is having your heart and mind free from worry about the what-ifs of life." - Suze Orman

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