FIRE basics

Just so that we’re all on the same page I’ll write a small introduction to Financial Independence for those that didn’t encounter the term before.

Financial independence: When you live in a way so that you don’t have to go to work to support your lifestyle.

This can be done in a few ways in Denmark:

  1. Bonderøvsstyle: Buy and pay off a small property then live off the land. Trade certain commodities for what you need.
  2. Traditional retirement: Work for 40-50 years and then live on a combination of folkepension (public pension) and your savings.
  3. Investor: Save a large portion of your income. Invest it and live off the interest.

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