My 3 Phases Of Barista FIRE Before Regular FIRE
This post is to document my plan for my Barista FIRE journey. This may not be applicable for everyone, as this plan is drawn up based on my income, my needs, my expenses and my portfolio. I am splitting my Barista FIRE journey into 4 phases, to enable myself to slowly transit to full retirement in time to come, but with the flexibility of part time active income that will cover any inadequacies in passive income during my journey. The percentages shown below are just for illustration purposes, and subjected to change at different phases, but for me, it provides a guide on how I intended my Barista FIRE journey to be. Some definition of terms to make my projection clearer: a) Monthly Total Expense (MTE): Total spending projected monthly, currently standing at SGD 4K. b) Dividend For Expenses (DFE): The amount of dividends I intend to use for spending monthly, currently targeted at SGD 1.5K per month initially. c) ...