Like a marksman waits till the right moment to make his kill, so too does the Gentleman for FIRE.
But hey, right now I’m just getting ready, building the funds and developing the Cashflow / Dividends that I’ll need to survive Early Retirement.
In terms of Ready, I’m about 85% of the way there financially but that maybe oversells our preparedness. Much more is needed.
One major focus is on building up a reliable dividend base. That mean:
- buy dividend producing ETFs
- sell high fee or non-div assets
- invest wisely from a tax point of view
- reduce spending in time to match dividend payments
The Aim part is thinking about what we’ll do as a family, where will we go, what do we need (or not need) and what we’ll do on a Wednesday afternoon when it’s raining).
FIRE is pulling the trigger, but we’ve got to be prepared and focused when it comes to that point.