Plan R

I help you build the comfortable income you want as your super is not super. I help you build the comfortable income you want as super is not super. Even earning "just" $20,000 a year of side income in retirement can reduce the required retirement savings by nearly $500,000. Financial Independence, Retire Early" (FIRE)

But the challenge of trying to FIRE out of work as quickly as possible – sometimes as early as one's 40s or even 30s – is that it leaves a very long time to be in "retirement". So long, in fact, that the classic 4% rule of retirement should probably be more like a 3.5% rule (given the extended time horizon). It's also so long that most human beings will struggle to be idle for so long, which often leads back to productive engagement that ends up producing post-retirement employment income. Ironically, this means that if many of those accumulating towards FIRE considered this likely income, they might even transition sooner instead. THE PROBLEM WITH FIRE: HUMAN BEINGS AREN'T MEANT TO BE IDLE FOR LIFE

In fact, recent research suggests "retirees" in their 60s actually have the highest rates of entrepreneurship and business ownership in America, and those who retire (FIRE) earlier may have even more entrepreneurial potential (as entrepreneurial success rates peak for founders that start around age 40). In other words, FIRE is arguably less about "Retire Early" and more about simply achieving financial Independence - which doesn't mean a world of not working, but simply a world where the choice of what to do with your time happens to be independent of the need to generate financial income. This is incredibly important, because even just modest levels of income can drastically change how much is needed to FIRE in the first place. But, if that early retiree realises s/he will earn an average of $10,000 a year in "retirement" for the next 40 years, it cuts down the net spending need by $10,000 a year, which reduces the required savings to FIRE by $250,000

Hence my preferred income source satisfies this for you & me . It also has another benefit in benchmark science providing best health. Simply at today's very low term deposit rates say 1.3% an extra 100p.w permanently is equivalent to 2 million in the bank
John