Financial freedom: Your blueprint to early retirement

This episode, "Financial Freedom: Your Blueprint to Early Retirement," explains how Canadians can achieve early retirement, challenging the traditional notion of retiring in one's 60s. It introduces the FIRE movement (Financial Independence, Retire Early), attributing its origins to the book Your Money or Your Life. The source outlines key principles of the FIRE movement, such as saving a high percentage of income, living below one's means, and generating passive income, all aimed at making work optional. Furthermore, it offers a step-by-step guide for early retirement planning, including understanding one's financial situation, increasing income, cutting expenses, and consistently tracking progress. Ultimately, the text argues that while early retirement might seem unattainable, the underlying financial principles of the FIRE movement are universally beneficial for everyone's financial well-being.