cross-posted from: https://lemmy.ml/post/1161162
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Requesting someone kindly editing this infrographic for EU & Asia regions also. If there might be some details worth mentioning. Thank you.
this post was submitted on 11 Jun 2023
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FIRE (Financial Independence Retire Early)
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And other regions. I know Canada has overall similar offerings, but they're not exactly the same.
What might be better is a glossary of tax advantaged accounts by region. I don't know how to organize that here on Lemmy though.
Good stuff. Where in the flowchart would somebody looking to build passive income streams to cover their monthly expenses start to purchase those assets?
Step 4. Basically, once you have your e-fund set, higher interest debts paid, etc, you then decide how you want to invest for retirement.
Most people go for the 401k + IRA + brokerage account option and plan to use strategies like a Roth conversion ladder, but once you clear the basics, the world is your oyster for whatever passive income strategies you want to try (e.g. real estate, hard money lending, etc).
I think that might go into the 'Do you have more immediate goals?' box.