EPISODE · Jun 8, 2026 · 20 MIN
Why cutting expenses beats a massive raise
from Fire Your Boss: Financial Freedom for Everyday People · host Earney
Financial freedom isn't about being rich — it's about hitting a specific number.In this episode, we break down the one formula that the entire FIRE movement is built on:Your Financial Freedom Number = Annual Expenses × 25Spend $20K/year → You need $500KSpend $40K/year → You need $1MSpend $60K/year → You need $1.5MHere's what we cover:- What the 4% Rule is and where it comes from- Why cutting expenses beats earning more (with math)- 3 actions you can take today — no matter your incomeThis is Episode 1 of The FIRE Path Podcast — your no-fluff guide to financial independence and retiring early.Subscribe so you don't miss Episode 2.
What this episode covers
Financial freedom isn't about being rich — it's about hitting a specific number.In this episode, we break down the one formula that the entire FIRE movement is built on:Your Financial Freedom Number = Annual Expenses × 25Spend $20K/year → You need $500KSpend $40K/year → You need $1MSpend $60K/year → You need $1.5MHere's what we cover:- What the 4% Rule is and where it comes from- Why cutting expenses beats earning more (with math)- 3 actions you can take today — no matter your incomeThis is Episode 1 of The FIRE Path Podcast — your no-fluff guide to financial independence and retiring early.Subscribe so you don't miss Episode 2.
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Why cutting expenses beats a massive raise
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