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There are an array of factors that contribute to a solid FIRE strategy. Arguably, though, none are more important than saving. Sure, increasing your salary can give you more money to work with. However, if you don't form savings habits, your earnings may not bring you closer to your FIRE goal.

In this chapter, Aussie Firebug explores some of the most popular and proven methods to increase your savings rate. He also discusses how an increased income can bolster your savings rate once you've established your healthy money habits.

If you'd like to read along, you find the written chapter here.

Pearler
Strong Money Australia
Original Aussie FIRE e-book
Strong Money Australia’s audiobook

Disclaimer

Any advice is general and does not consider your financial situation needs, or objectives, so consider whether it’s appropriate for you. You should also consider seeking professional advice before making any financial decision.

Pearler is an Authorised Representative #1281540 of Sanlam Private Wealth Pty Ltd AFSL #337927. Read the FSG available from https://pearler.com/financial-services-guide

If you are considering any of the products we spoke about during the show, be sure to read the Product Disclosure Statement & Target Market Determination available from the product issuer’s website before deciding.

Chapter 6: Focus on savings before earnings

Aussie FIRE | Financial Independence Retire Early

Chapter 6: Focus on savings before earnings