Light the FIRE and lose the fear of getting fired5 min read 19 Mar 2019, 07:00 AM IST
While everyone wants to retire early, evaluate your finances and see if it is viable
Evaluate whether you want to scale back on work or retire altogether; then see at what age you can do this
Pattabiraman Murari works because he wants to, and not to pay the bills. The 44-year-old associate professor at IIT Madras decided that he wanted to become financially independent fairly early. “My dad fell ill and I was deep in debt trying to cover hospital bills. I felt like a failure and never wanted to get into such a situation again," he said. The experience taught him that investing is essential. He started saving systematically, but he wanted to take it further. “I was curious about the prospect of pushing my retirement age lower. Once I found it was possible, I worked towards it," he said. Murari achieved financial independence at 42, just about a decade after he started working.
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