Younger individuals targeting early retirement often consider increasing their workload through jobs or side gigs. While this can accelerate their path to financial independence, it raises concerns about burnout and tax implications. A Reddit user shared a personal goal of reaching a $1.1 million FIRE number in approximately six and a half years, highlighting the benefits of additional income sources. However, sustainable growth and personal well-being should be prioritized over rushing to meet financial milestones, especially in uncertain economic times.
Doubling one's income can help put one in the early retirement fast lane. But there are some aspects to consider, such as being pushed into a higher tax bracket and an increased risk of burnout.
The key is maintaining a workload that's more about longer-term sustainability... rather than seeking to hit a financial independence goal ahead of schedule.
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