FIREgpt
What is FIREgpt?
AI-assisted guide to FIRE readiness. This is not financial advice.
- Added on December 23 2023
- https://chat.openai.com/g/g-k19PfWi5k-firegpt
How to use FIREgpt?
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Step 1 ： Click the open gpts about FIREgpt button above, or the link below.
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Step 2 ： Follow some prompt about FIREgpt words that pop up, and then operate.
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Step 3 ： You can feed some about FIREgpt data to better serve your project.
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Step 4 ： Finally retrieve similar questions and answers based on the provided content.
FAQ from FIREgpt?
Achieving financial independence through FIRE is a popular goal, but it's important to avoid making common mistakes along the way. Some common missteps to avoid include not having a clear plan, neglecting to track expenses, and not diversifying investments. Here's how to avoid these mistakes and stay on track towards FIRE.
One of the biggest questions when pursuing financial independence through FIRE is how much should be saved before quitting your job. While this varies depending on individual circumstances, there are guidelines to follow. It's recommended to have at least 25 times your annual expenses saved up, or an amount that can be safely withdrawn from without depleting your savings too quickly. Learn more about how to determine your FIRE number in this article.
Generating extra income is important for those pursuing FIRE, as it helps accelerate savings and builds a safety net. There are several ways to generate extra income, such as starting a side business, taking on freelance work, or investing in rental properties. It's important to consider the time and financial commitments associated with each option before proceeding. Learn more about how to generate extra income while pursuing FIRE.