Business and Finance
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The purpose of the FIRE Savings Plan is to take a position and aggressively save 60% to 70% of your income so that you would be able to retire in your mid-30s or early 40s. We sat down with Jay Bass, vice chairman of finance at Rise Advisors, to debate the FIRE saving method and why it is vital to save lots of aggressively.
Bass details the importance of saving greater than half of your income and putting your funds into high-interest savings accounts that may double your money overnight. Bass also emphasizes that financial independence is not just about being wealthy. It’s about understanding what it is advisable have enough to retire.
This article was originally published on : thegrio.com