I am 37 years old. I have around 1.5M net worth (including my residential property). Around 1.2M is

Hey there!

First off, kudos to you for building a solid net worth! "Barista FIRE" (Financial Independence, Retire Early) is all about having enough savings to cover your basic needs, while working part-time or in a less stressful job to cover your extras.

Here are a few things to consider:

1. Your expenses: Have a close look at your current and projected future expenses. Can your portfolio, excluding your property value, cover those comfortably? Remember, the general rule of thumb is to withdraw no more than 4% of your investment portfolio each year to ensure it lasts.

2. Health Insurance: If you're currently getting health insurance through your employer, barista jobs may not offer the same benefit. Do factor in the cost of health insurance into your yearly expenses.

3. Your Lifestyle: Are you okay with the lifestyle changes that might come with leaving your current job? This could include a decrease in disposable income or a change in social status.

4. Your Purpose: What will you do with your time once you're not working full-time? It's important to have a plan to stay engaged and fulfilled.

Use our Savings Goals Tracker to help you visualize your expenses and our Daily Challenges to build smart habits that can help you stay on track.

Remember, financial independence isn't just about the numbers—it's about having the freedom to live the life you want.

Keep it cool, and keep saving with Bear!