Selling a business that you start from scratch is as much of an emotional decision as it is a financial decision and after 7 years of starting and running my business, I was ready to sell. In fact, I was burnt out and needed to sell in order to get my life and sanity back.
This is a review of a website that I sold on Empire Flippers for over $300,000 USD.
The 4% rule is a widely used retirement planning strategy that states that an individual can safely withdraw 4% of their retirement portfolio each year and not run out of money.
This rule is based on historical market returns and has been widely adopted as a safe withdrawal rate for retirees. The 4% rule assumes that an individual has a diversified portfolio of stocks and bonds and can expect to earn a long-term average return of 7% to 8% on their investment.
The Financial Independence Retire Early movement (FIRE or FI/RE) has become popular in recent years, attracting people from all walks of life who are looking to take control of their finances and secure their financial future. But not everyone who is interested in...