Christina and Amon Browning have two school aged children, hail from high cost of living, San Francisco, and thanks to the FIRE Movement have retired at age 40 in Portugal. The FIRE movement is about maximizing savings, earning extra income, and investing for passive income. This couple saved $2 million in 8 years through a high savings rate, flipping houses and using side hustles like driving for Uber and Lyft to generate extra income for investing. Along the way they have shared their journey on YouTube where they have a large following.
Key Takeaways:
- A new trend is the FIRE movement, an acronym for financial independence retire early.
- One specific couple, the Brownings, saved two million dollars in a total of eight years.
- They risked investing more than half of their income and subsidized by also flipping properties.
“It’s all about maximizing savings and generating passive income so your money works for you instead of the other way around.”
Read more: https://6abc.com/finance/heres-how-a-couple-saved-enough-money-to-retire-at-age-40/5664253/
