Happy Path FIRE - Financial Independence Retire Early

Learn how to achieve Financial Independence and Retire Early the Easy, Fast and Safe way.
4.74 (23 reviews)
Udemy
platform
English
language
Finance
category
instructor
Happy Path FIRE - Financial Independence Retire Early
158
students
12.5 hours
content
Jan 2022
last update
$29.99
regular price

Why take this course?

Based on the comprehensive outline you've provided, this course is designed to guide individuals through the journey of Financial Independence, Retire Early (FIRE). The course is divided into several sections and modules, each building upon the previous one to create a cohesive understanding of the financial principles and strategies necessary for achieving FIRE.

Here's a breakdown of the course content:

Section 1 - Foundations of Financial Literacy

  • Module 1 – Money Basics: Introduces the concept of money, its functions, and the importance of understanding it to manage finances effectively.
  • Module 2 – Capital Markets: Explains various financial instruments such as stocks, bonds, funds, and ETFs, and their roles in personal finance.
  • Module 3 – Statistics: Teaches statistical tools used in decision-making processes and applies these tools to real-life financial scenarios.
  • Module 4 – Accounting: Focuses on understanding financial statements, net worth, and net income, providing a clear picture of one's financial health.

Section 2 - Preparing for FIRE

  • Module 1 – Step 0: Emphasizes the importance of eliminating debt before starting the FIRE journey. It introduces the concept of compound interest and methods to effectively manage and reduce debt.
  • Module 2 – Step 1: Guides learners through setting a personal vision for what FIRE means for them, understanding their needs post-FIRE, and calculating required passive income.
  • Module 3 – Step 2: Extends the concept of passive income and introduces the Trinity study or the 4% rule, which is central to achieving FIRE sustainably.
  • Module 4 – Step 3: Provides a more technical understanding of investment principles and strategies as evidence behind the FIRE approach, drawing on the wisdom of financial gurus.

Section 3 - Achieving FIRE

  • This section likely includes practical advice on how to save, invest, and grow wealth while maintaining a balanced lifestyle, leading to achieving Financial Independence. It may also cover optimization strategies for major expenses like housing, transportation, and food.

Section 4 - Maintaining FIRE

  • Module 1: Focuses on Risk Management to protect your wealth.
  • Module 2: Covers Portfolio Management to ensure your investments continue to grow.
  • Module 3: Discusses Lifestyle Design to maintain financial independence without sacrificing quality of life.
  • Module 4: Addresses the 'Big 3'—housing, transportation, and food—with practical advice on making cost-effective decisions. It also covers the role of subscriptions in personal finance.

Section 5 - Accelerating FIRE – The Big 3 + Crypto

  • Module 1: Explains the significance of incorporating cryptocurrency into your investment portfolio and how to approach it safely.
  • Module 2: Provides guidance on selecting cryptocurrencies and managing digital assets as part of a diversified financial strategy.

Throughout the course, learners are likely encouraged to engage with interactive worksheets that help apply theoretical knowledge to real-life scenarios. The course is structured to be comprehensive yet accessible, aiming to empower individuals with the necessary skills and knowledge to achieve Financial Independence and maintain it throughout their lives.

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Related Topics

2582022
udemy ID
29/09/2019
course created date
03/11/2019
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