5. What Is The Financial Independence / Retire Early Movement & Can You Achieve This?

Listen to this episode from The Stocks and Savings Podcast on Spotify. The FIRE movement has taken social media by storm, as more and more young people are looking to take their careers on a different trajectory. Rather than waiting until the standard late-sixties retirement age, those following the Financial Independence Retire Early movement are saving and investing at a rapid rate in their youth, whilst living more frugal lifestyles. This results in the ability to have more freedom over where you work, when you retire, and ultimately how you spend your time.  But, is it actually feasible? We'll discuss some of the ways to boost your income, cut back on your expenses, and the upsides and pitfalls of the FIRE movement. If you enjoyed this episode, please leave us a 5⭐️ rating & a review. As a newish podcast, it would really help us reach more people. Thank you! 😇 This episode is not sponsored, but below there are a couple of affiliate links (if you sign up through these, we’ll get a small payment which helps us create this free content): Investing in ETFs (incl. Vanguard) with InvestEngine: ⁠⁠⁠⁠⁠⁠⁠Click here ⁠⁠⁠⁠⁠⁠⁠to get up to £50 bonus when you invest £100 (Ts&Cs apply).  Trading 212: ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠Click here⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ for a free share worth up to £100 when you sign up and deposit at least the minimum amount required for Invest or ISA accounts (which at the time of recording is £1). If it's not done automatically, you can also go to the main menu, then to 'Use promo code' and copy-paste this code SNSBONUS. Terms & conditions apply. Capital at Risk. Investments may rise and fall. For more financial education made simple: ⁠Download our free investing guide⁠ ⁠Follow us on Instagram⁠ ⁠Follow us on TikTok⁠ ⁠Follow us on YouTube⁠ ⁠Follow us on Twitter⁠ See you next time! 🤗