1) Financially Independent Retirement Early (Ecstatic, Euphoric) What are your thoughts regarding the FIRE movement? By when can you become financially independent? Do you plan to retire early? 2) Are you thinking of retiring early? How can you do so? To the right, please write down your thoughts on the calculations below: Step 1: At age 62 or 66 you can begin to draw down your Social Security payments = 11K USD to 22K USD per annum (or more) Step 2: Calculate your Assets minus your Liabilities = Net Worth Step 3: Divide your Net Worth by $10,000 or by $12,000 = How many years you can live, in most countries, on your Net Worth prior to receiving Social Security Step 4: Subtract 1 year for every 10K to 12K USD that you have in N t W rth from 62 or 66 = Your Early Retirement Age 3) please write down your thoughts regarding your financial cycle. How can you maximize your household income (within reason)? How can you minimize your costs (within reason)? How can you build an emergency fund (3 to 12 months of expenses)? How many insurances do you currently hold? How can you maximize your investments