Can your FIRE dreams get past the covid-19 impact?
- The FIRE (financially independent and retire early) community finds itself in a fix
- To be financially independent, have a strong debt investment cushion to absorb the impact of a crisis like this one
Sayantan Ghosh is rethinking all his plans. The 32-year-old IT professional had planned to work till he turned 40, then quit his job and start his own business. His dream was to become financially independent, but the covid-19 pandemic has hit his aspirations hard, with his equity-heavy portfolio dropping nearly 30%, and he feels defeated. “I had been cutting back on expenses like upgrading my smartphones and taking expensive vacations to quickly build up my equity investments, but now all that seems pointless," Ghosh said.
Login to enjoy exclusive benefits!
- Unlocked premium articles
- Personalized news
- Market Watchlist
- Insightful Newsletters & more