Investing for FIRE: Passive Investing
Passive investing can add hefty fuel to your financial freedom and FIRE goals, at least if you know what you’re doing.
If you’ve been here a while, then you might remember that FIRE means financial independence, retire early. Essentially, it means you can live on your terms by saving and investing a significant portion of your income.
While I’m still working toward my FIRE goals, I’ve used passive investing to achieve many of my financial goals over the years.
In so doing, I’ve paid off my massive student debt, grown my net worth, and considerably grown my savings. It’s been pretty worth it, at least for me.
In this article, I’m going to tell you what passive investing is and how it works. I’ll also give you a few ideas to help you get started on your own passive investing strategies.