Simple Investing Guide

FIRE is financial Independence Early Retirement. Feeling young is a choice,, and you get old when you stop playing. Savers are not good for the economy, but savers are good for you. Financial Indepedence is no means a life of luxury. You have to make a lot of compromises and being a minimalist, etc. The crossover point where passive income exceeds liabilities. Put simply, means that money as sleep = money we need bills to pay. We find something we love to do and at some point we will make an income as well. We need to set some new havits, and follow steps. Atlasvoid is very good guide on Reddit. 

Use the MINT app to track your money and connect all your financial accounts, and at the account it will show you your credit score, it's slightly inflated so you subtract 20-30 points from it. The first phase of master plan is essentials, money you have to spend in order to continue to make an income. 

GUIDE: 

First is rent and mortgage. Then groceries, aim for $1-$2 per meal, frugal meal prep plans, and try to avoid going out. Try $3 for meal. Avoid organics, they don't do anything. Next step is utilities. Then pay for expenses to allow you to earn an income in the first place, car, phone, escort. Financial FIRE will tell you to move closer to your job, or get a $600 brand new moped, 50 miles to the gallon, because people spend $10,000 per year on transportation costs. 

The next step is health insurance cost. It's usually $300 per month. The loophole is you can  contribute something to the church, Christian Healthcare Ministries, a donation to the church acting as an exemption to health insurance. Trump got rid of th Healthcare mandate, but you're still going to get ined on the state level. It's an option to consider. You should make minimum payments on all of your debts.

Phase 1 is create an emergency fund. There's a Robinhood portfolio, assets you can sell off, otherwise your money is losing 1-2% due to inflation. Emergency fund is inflation up to $1000 and then pay for internet and phone. 

Phase 2 contribute to the 401K first, because contribute only up to the company match and nothing more at this point. If you are jobless and self employed, go for a solo 401k. Consider prioritizing HSAA (healthcare saving account) since HSA is triple tax advantage. 

Phase 3 is pay off high interest rates in excess of 10% which is done with the Snowball method. Finance people love fire and ice. 

Phase 4 is you have any income consider an IRA a Roth IRA, tax advantaged retirement account. Consider saving in checking account/high yield savings account if you need money right away.

Try to save 15% of your pretax income. People will need 55%-80% of pre tax income to support their retirement. If you are a freelancer, consider setting up a step IRA and this will make you pay less in taxes. The tradeoff is if you randomly find yourself buying a house because you'll get approved for a lot less. 

Your unique situation could be improved slightly with some tweaking. If you can save 65% of income it is possible to retire pretty quick.