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60: My Personal FIRE Strategy | How I Plan to Reach Financial Independence and Retire Early

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Have you heard of the FIRE movement? FIRE is a viral acronym for a plan to reach financial independence and retire early. In this episode, I talk about my own personal FIRE strategy, how I came up with my numbers, what my numbers are, and how I’m implementing my plan for 2023.

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In this episode, you’ll learn:

  • 0:00 Introduction

  • 5:19 How FIRE works

  • 10:14 A few FIRE strategies

  • 14:49 Examples of passive income

  • 22:08 My key FIRE strategy

  • 25:44 What I’m doing for my 2023 FIRE strategy

  • 27:10 What is not included in my 2023 FIRE strategy

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I’m Sarah Young - a CPA, Virtual CFO, and the Owner of Young + Co! I have over a decade of experience in helping entrepreneurs scale their businesses and build wealth at the 6- and 7-figure levels, and I started the Profit + Prosper podcast to help you do the same. Profit + Prosper is a business finance podcast created to help entrepreneurs build their wealth in a way that’s fun and empowering. This is NOT a boring numbers podcast - I share tactical tips to increase your profit so you can truly prosper in your business and in life. I hope you’ll subscribe so we can Profit + Prosper together!

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