Part 5/8:
The hardships prompted Kenneth to reevaluate their financial strategy. Inspired by the FIRE movement—Financial Independence, Retire Early—they meticulously calculated their FIRE number, the amount they needed to save and invest to live comfortably post-50. Committing to saving around 30% of their income and making strategic investments, Kenneth estimates he's about a third of the way toward early retirement at age 42.
He emphasizes that success isn't necessarily about inordinate spending but about living intentionally. They now derive joy from meaningful moments rather than material possessions, a philosophy that aligns with their entrepreneurial vision and personal growth.