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國際時事跟讀 Ep.K743: Financial Independence Strategies: Tips from Early Retirement Advocates
Highlights 主題摘要：
- Savings Rate Crucial in FIRE: Achieving a 50% savings rate, as advocated by FIRE experts, is fundamental for financial independence and a comfortable early retirement within a decade.
- Cost Reduction and Lifestyle Sacrifices: Successful FIRE adherents emphasize the importance of lowering living costs and making lifestyle sacrifices to boost savings and accelerate financial goals.
- Coast FIRE as a Balanced Alternative: Coast FIRE offers a less intense approach to early retirement, allowing for a more gradual savings journey, reducing the need for extreme measures while still ensuring financial security.
Achieving financial independence and early retirement may seem like an unattainable dream for many, but advocates of the FIRE (Financial Independence, Retire Early) movement are proving it's possible. This movement is centered around managing money efficiently to attain financial freedom sooner rather than later. At a CNBC Financial Advisor Summit, two experts, Grant Sabatier and Alex Trias, shared their insights on saving more, reducing living costs, and increasing income to reach early retirement goals.
對許多人來說，實現財務獨立和提前退休似乎是一個遙不可及的夢想，但財務獨立、提前退休（FIRE, Financial Independence, Retire Early）運動的倡導者正在證明這是可能的。這個運動的核心理念是通過有效管理金錢，早日實現財務自由。在CNBC的金融顧問會議上，兩位專家Grant Sabatier和Alex Trias分享了他們對提高儲蓄、降低生活成本和增加收入，以實現提期退休目標的見解。
Boosting your savings rate is a fundamental principle of the FIRE movement. While the average savings rate in the U.S. is around 2% to 5%, Sabatier emphasizes that saving about 50% of your income can lead to financial independence in 10 years or less. He shares his personal experience of saving up to 82% of his income between 2010 and 2015, allowing his investments to compound and grow substantially. Sabatier suggests that a higher savings rate is key to securing a comfortable early retirement.
提高儲蓄率是FIRE運動的基本原則。雖然美國的平均儲蓄率約為2%至5%，但Sabatier強調，儲蓄約50%的收入可以在10年或更短時間內實現財務獨立。他分享了自己在2010年至2015年期間儲蓄高達82%的個人經驗，這使他的投資得以複利大幅增長。Sabatier表示，提高儲蓄率是實現提前舒適退休的關鍵。
Reducing the cost of living is another crucial aspect. Sabatier and Trias both made sacrifices to achieve a high savings rate. Sabatier moved to a more affordable apartment and opted for a used car, living frugally in his mid-20s. Trias took it a step further by relocating to Portugal, significantly cutting his living expenses. Lower property taxes and reduced healthcare costs abroad contributed to his financial success.
降低生活成本是另一個至關重要的方面。Sabatier和Trias為實現高儲蓄率都做出了一些犧牲。Sabatier搬到了更實惠的公寓，並選擇了一輛二手車，在二十多歲的時候過著節儉的生活。Trias更進一步，搬到了葡萄牙，大幅削減了生活開支。國外較低的房產稅和醫療保健成本為他的財務成功做出了貢獻。
Increasing your income is the third pillar of the FIRE strategy. Sabatier highlights that while he initially needed $23,000 per year to live on, earning more than $250,000 per year accelerated his savings. Side hustles, online businesses, and various income streams helped both experts achieve their financial goals. They acknowledge that the FIRE lifestyle requires sacrifices and risks, emphasizing the importance of evaluating whether the trade-offs are worth the pursuit of early retirement.
增加收入是FIRE策略的第三支柱。Sabatier強調，儘管他最初每年需要23,000美元來維持生活，但每年超過25萬美元的收入加速了他的儲蓄。副業、線上業務和各種收入來源幫助兩位專家實現了他們的財務目標。他們承認FIRE生活方式需要做出犧牲並承擔風險，強調評估這些取捨是值不值得追求早期退休的重點。
In conclusion, the FIRE movement offers valuable lessons from those who have successfully achieved financial independence and early retirement. By implementing strategies such as boosting savings, reducing living costs, and increasing income, individuals can take steps toward their own financial freedom.
總之，FIRE運動為那些成功實現財務獨立和提前退休的人提供了寶貴的經驗。通過實施提高儲蓄比、降低生活成本和增加收入等策略，可以邁向個人的財務自由之路。
Keyword Drills 關鍵字：
- Unattainable (Un-a-ttain-a-ble): Achieving financial independence and early retirement may seem like an unattainable dream for many.
- Substantially (Sub-stan-tial-ly): Sabatier shares his personal experience of saving up to 82% of his income between 2010 and 2015, allowing his investments to compound and grow substantially.
- Sacrifices (Sa-cri-fi-ces): Sabatier and Trias both made sacrifices to achieve a high savings rate.
- Individuals (In-di-vi-du-als): By implementing strategies such as boosting savings, reducing living costs, and increasing income, individuals can take steps toward their own financial freedom.
- Implementing (Im-ple-men-ting): In conclusion, the FIRE movement offers valuable lessons from those who have successfully achieved financial independence and early retirement by implementing strategies.
Reference article:
1. https://www.cnbc.com/2023/06/15/fire-experts-on-retiring-early-becoming-financially-independent.html
2. https://finance.yahoo.com/news/retirement-savings-millennials-coast-fire-140054192.html