03 – Financial Independence Retire Early (FIRE) community – retiring decades earlier


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Episode notes

I explain the Financial Independence Retire Early (FIRE) community and how regular people are retiring decades earlier – like even in their 30’s. They do this by reducing their expenditures and increasing their savings using what is known as the 4% rule or the 25 year rule.

I first heard about this from a blog called Mr Money Moustache (https://www.mrmoneymustache.com/). He retired when is was 30 by saving and investing his money. I also talk about the Choose FI podcast (https://www.choosefi.com/podcast-episodes/) which is a great source of information about the FIRE community.

For Muslims, the problem is that some of their investing methods we cannot use as they are not Halal. So I talk about some methods we can use to go on our path to Early Retirement.

This is something that I am looking into heavily and want to retire in the next 10 year. I believe the best way to do that is by using methods that the FIRE community has been using for a long time.

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Until next time, keep Muslim Hustling!

Iqbal,
Muslim Hustle Guy