Do you also include higher taxes and/or less tax benefits on your FIRE equation?
Governments are pressured to rise taxes due to higher public debt, ageing population that need more and expensive medical treatments, besides social subsidies and other public expenses.
For example, OECD is advising its members to rise the property tax to face the rising financial needs of the countries. (Maybe because, property tax is more difficult to have tax avoidance.)
I review existing stocks/percentages monthly. āPickingā reasons are different for different stocks, For example I read Warren Buffettās first IPO investment was StoneCo in a news bulletin and started reading about the company and how big of a market SA is when it comes to tech companies moving people from cash to recorded.
I also have 3 lists
Iād say these what ifs exist everywhere in stock market. This vertical I shared is a special one called ādarlingsā in my portfolio 
There are not many stocks this high weighted. Besides Iām rather optimistic about StoneCo. Comparing what they do, their earnings and most importantly potential to its peers (Square, Adyen) This stock has the potential to multiply multiple times in value.
I try to invest 24K (which I found to be the sweet spot maximum for tax purposes) to my SIPP every year. Since I got that money there I try to manage it as good as I can.
Has anyone checked out what results they get on here?
Iām getting 55 which is 23 years away. I intend to retire by 40 though. I better up my game.
Youāll be retiring at a slightly younger age than me, although my calculator says 9 years to go so 
I feel āFIREā and āretirementā is different for everybody though. For me, it doesnāt mean that I have enough money to sit around and do nothing for the rest of my life. Iām curious to hear exactly what it means for everybody?
Iād still like to do some work albeit more on my own terms, and still have skin in the investment and trading game.
For me itās more about having more flexibility to do things I want to do when I want. Not just enough cash to sit and get fat with my feet up on the sofa, but not working so long in an office all day either.
I think Iām in the same boat. Iām not entirely sure how the calculator determines Financial Independence but Iām certain I can get there sooner than 53 if I keep my discipline!
Says 53 for me, but itās hard to work out properly on a limited calculator as some of my yearly income would continue after retirement.
As well as dividends, investments, any additional work or income etc.
When I retire there wont be any additional work, there might not even be trousers 
Same. Do what I want, when I want, where I want.
10 years (+/- 2 years) seems achievable.
https://www.investor.gov/financial-tools-calculators/calculators/compound-interest-calculator
This is a great calculation tool. (It is in dollars but you can obviously ignore the signage)
To be financial āindependent/retire earlyā first you need to be ārichā which comes from hard work overtime. The idea of becoming āindependent/retire earlyā from all these various savings/investment & money management schemes being preached across social media is merely an illusion of which the reality kicks in at old age.
The other day my nephew who decided to drop out of school and sits at home playing video games was asking for advice on the best scheme to attain financial freedom
My point is working hard for the upfront money is the key and should be the main focus, managing the money then becomes the second priority - unfortunately i think social media have got the priorities inversed
Working hard can make you rich sure but most influence if you will be rich or not is if your parents are rich. This makes it so much easier to be rich yourself. (Better education, rent free home, loan from parents to start a company, risk free investing with money to fall back on for instance) of course most rich people donāt want to admit they had a leg up and want us to think they are āself madeā from hard work.
lets not confuse the ārichā with the āwealthyā. Not the same group at all. even worse is to assume that having ārichā parents is the biggest influence to whether or not a person can become ārichā themselves. it helps, that is all.
you need 2 things to succeed: education, opportunity.
you can come from anywhere on the social ladder and make it, you have to want it enough in the first place and most people just want a cushy cookie-cutter, be like the Johnsonās lifestyle. (especially those who were well off). I know more people who had well-off upbringings and successful parents that screwed everything up and ended up at the bottom, than I know went on to land high-wage jobs like their parents.
whatās more, many people from well-off families go into the arts where there is no money and life is quite a bit harder for little recognition. most ārich peopleā ARE self-made, because they had the nerve to go get qualifications for positions that required effort and time, and pay well in return or they put in the effort to educate themselves enough to be able to create a well paying position in society for themselves.
earning a lot in a short span of time can provide a large boost to achieving FIRE, but make poor decisions and you might as well be burning your notes for heat instead.
poor person = earns little - spends most of it.
rich person = earns a lot - spends most of it.
the rich are exactly like the poor, they spend almost everything they earn. just that its on nicer brands or on luxuries, both possessions and experiences. lets keeps the focus on FIRE.
the first step out of a poor lifestyle is to fix a poor mindset.
Wellā¦
Only if you donāt have a wife/girlfriend/companion that control you in any way. 
Iāll add to that, or a 6 year old child 
I am a FIRE seeker and I use
VWCE on XET
IWDA on EAM
I invest on a monthly basis 1K EUR into these. Anyone else in the same situation?