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Financial independence (FIRE)

Set for Life

Scott Trench

A step-by-step plan for a young earner starting from zero to reach real financial freedom.

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Chapters

12
  1. Chapter 01Building the First ₹25 Lakh through FrugalityYour very first goal is a small cash cushion, and you get there by spending less far faster than by earning more.Read this chapter →
  2. Chapter 02How to Live an Efficient LifestyleA handful of big recurring costs - housing, transport, food - decide your savings rate; fix those and ignore the tiny stuff.Read this chapter →
  3. Chapter 03What to Do with Money as You Save ItKeep early savings liquid and reachable - that pile buys freedom now, unlike money locked in a pension or a house.Read this chapter →
  4. Chapter 04Turning Your Largest Expense into an Income-Producing AssetHousing is most people's biggest cost, so make it pay you back - live cheaply or rent out part of where you live.Read this chapter →
  5. Chapter 05How to Make More MoneyCutting costs has a floor - you can't spend below zero - but income has no ceiling, so grow it too.Read this chapter →
  6. Chapter 06Scaling a Scalable CareerTrade hours-for-pay work for roles where your output - not your time - sets your income.Read this chapter →
  7. Chapter 07An Exploration of Financial FreedomFreedom is when your assets' income covers your lifestyle - measured in months you can live without a paycheck, not in net worth.Read this chapter →
  8. Chapter 08An Introduction to Investing for Early Financial FreedomOnce the base is built, invest the surplus in things that produce cash and beat inflation - and never spend the principal.Read this chapter →
  9. Chapter 09Investing in the Stock MarketDon't pick individual stocks - buy the whole market cheaply through low-cost index funds and hold.Read this chapter →
  10. Chapter 10Rental Property InvestingRental real estate can throw off monthly cash flow, but only if you buy right and can hold.Read this chapter →
  11. Chapter 11Tracking Your ProgressWatch your whole financial picture and your runway monthly - what gets measured moves.Read this chapter →
  12. Chapter 12Habits and Their Impact on Financial FreedomFreedom is the sum of small daily habits - automate the good ones so willpower isn't the bottleneck.Read this chapter →

This is my own plain-English understanding of the book’s ideas, in my own words with my own ₹ examples, laid out against the book’s real chapters so you can relate the two. It is not the book and reproduces none of its text - if it helps, please buy the book. Not affiliated with the author or publisher. The author is not SEBI-registered; nothing here is investment advice.