'Retirement isn’t just about money': Zerodha co-founder Nikhil Kamath on early retirement and on the FIRE trend
Zerodha co-founder Nikhil Kamath has some advice for you.
The billionaire recently tweeted a video from Zerodha discussing early retirement and its challenges.
«I hadn’t realized how popular the Financial Independence, Retire Early (FIRE) trend had become until I saw this @Zero1ByZerodha video,» he wrote. «There's nothing wrong with wanting to retire early, but retirement isn’t just about money.»
Kamath cautions that many people overlook the financial, emotional, and psychological challenges of early retirement, which can lead to regret. «So, if you’re considering retiring early, here are some things to think about,» he advised, sharing the video created by the Zerodha team.
What is the FIRE Trend?
FIRE stands for Financial Independence and Retire Early. The concept suggests that you need a savings corpus roughly four times your annual expenses, assuming your investment returns will eventually exceed your expenses, allowing you to retire comfortably.
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