Net worth
Everything you own minus everything you owe.
For a FIRE plan, split it into accessible money and locked money such as the pension fund and 3a, because only the first pays for the bridge years.
Tools that use it
Related terms
- FI numberThe savings you need so that your investments can cover your spending for the rest of your life.
- Savings rateThe share of your net income that you save and invest each month.
- Emergency fundCash for unexpected costs or lost income, usually three to six months of essential spending, kept apart from investments.
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FIRE basics
What is FIRE, and does it work in Switzerland?
FIRE means building a pot that covers your spending so work becomes optional. Here is how it works in Switzerland, where it helps and where it gets harder.