FIRE!!!
Have you heard of the FIRE movement?
FIRE, in this instance, refers to Financial Independence Retire Early.
As I launched my new program to help people to start their own profitable business within 30 days, I had a few friends asking me if I was part of the FIRE movement and that they too, wanted to be part of it.
1. I am not intentionally part of the FIRE movement as I do not intend to retire. That was not my goal. I am working hard to achieve Freedom of Choice to do anything that I want, whenever I want.
I am not there yet and am working hard towards it while pursuing my passion in education and marketing.
2. The FIRE movement and/or entrepreneurship, in my opinion, is not about making a million dollars. Yes, the sweet million(s) would make things easier, but that is not really the aim here.
3. I believe that to embrace FIRE or just to be better financially, is first about managing our expenses.
Personally, apart from the standards (housing loan, utility bills and insurance, the car is fully paid), my personal expenses per month are considerably low. I always said that I am very contented and could probably live off with SGD2000/month. Cai Peng is my go-to and I maintain a very comfortable lifestyle doing what I…