35-Year-Old Pharmacist Reaches Coast FIRE: Stopped Retirement Contributions After Hitting $1.125 Million Goal
Pharmacist Reaches $1.125 Million Coast FIRE Goal at 35: Funding $120,000 Annual Retirement Income at 60
Pharmacist Corey Forsythe Achieves Coast FIRE: $1.125 Million Investment Portfolio Enables Early Retirement Coasting. At 35, he's stopped contributing to retirement accounts, letting his diversified investments (index funds, stocks, 401k) grow while covering living expenses. Learn how he strategically invested and reached his Coast FIRE goal, inspired by his pharmacy school experience
Coast FIRE: Achieving Early Financial Independence. Learn how one pharmacist reached his $1.125 million Coast FIRE goal by aggressively saving and investing early, then "coasting" to retirement with significantly reduced contributions. This strategy prioritizes maximizing early investment returns to secure a comfortable retirement while still enjoying life's experiences. Discover the power of strategic investing and the 70/20/10 portfolio approach to reach your own financial freedom
Corey Forsythe's Coast FIRE strategy: A $500,000 investment plan. He allocated 70% to a broad market index fund, 20% to individual stocks, and maintained a 10% cash emergency fund, showcasing a balanced approach to early retirement investing
Pharmacist Corey Forsythe's Coast FIRE journey: After hitting his $1.125 million goal in January, his total net worth now exceeds $2 million, fueled by strategic savings and investments. He's building substantial cash reserves, showcasing the power of early, aggressive saving within the FIRE movement
Corey Forsythe's Coast FIRE success story isn't just about frugal living and consistent investing. A key element was a strategic, high-risk "YOLO" investment—a significant portfolio allocation to a single trade—that significantly accelerated his path to financial independence
Pharmacist Corey Forsythe, having achieved Coast FIRE status with over $1 million in investments, made a YOLO (You Only Live Once) investment in AST SpaceMobile (ASTS) stock, initially discovered on the r/WallStreetBets Reddit community in 2022
Forsythe also tracks a niche online community, the "SpaceMob," on Reddit and X, alongside company news and financial reports, to inform his investment decisions
Pharmacist Corey Forsythe's $100,000 YOLO stock bet: Leveraging online insights and personal research, he invested in 35,000 ASTS shares at $2.88 each in 2024, a bold move against prevailing bearish sentiment
Pharmacist Corey Forsythe's $1.2M ASTS Stock Holding: A High-Risk, High-Reward Coast FIRE Strategy
Forsythe's unconventional Coast FIRE strategy: delaying student loan repayment to accelerate investment growth
Achieving Coast FIRE: A pharmacist's journey to $2 million, highlighting the sacrifices many make to aggressively pay down debt, even living at home, only to find their net worth at zero afterward. Learn how a strategic investment plan, including a 70/20/10 approach, led to early financial independence
Forsythe prioritized maximizing investment returns over accelerated debt repayment, recognizing the crucial role of early investing and compound growth in building wealth. This strategy, key to his Coast FIRE success, allowed him to reach his $1.125 million goal and focus on enjoying life while young
Corey Forsythe's Coast FIRE Strategy: Minimizing Student Loan Payments While Maximizing Investment Growth. Employing a Pay As You Earn (PAYE) plan, he pays just $950 monthly (10% of discretionary income) towards his student loans, strategically focusing on maximizing his stock market investments. After 20 years of payments, his remaining loan balance will be forgiven
Coast FIRE wasn’t just the product of a risky, well-timed stock bet. Forsythe lived extremely frugally after graduating from pharmacy school.
“I kept living like a college student,” Forsythe said. “Keeping fixed costs under control is, in my opinion, one of the most underrated FIRE tools.”
Being a single person with a six-figure pharmacist income definitely made budgeting more straightforward for Forsythe. His monthly budget hovered around $3,000. Other than student loan repayments, Forsythe’s biggest monthly expense was his $750 mortgage payment; he had snagged a 625-square-foot condo during the pandemic and locked in a low mortgage rate.
Forsythe credits his low housing costs as one of the biggest factors that allowed him to invest aggressively in his brokerage account tracking the stock market. During his high-saving years, he invested between $42,000 to $50,000 annually.
“All of the money that I’m earning now, I can just put away, use for travel, go to concerts. I’ve started to live life a lot more instead of being frugal my whole life,” Forsythe said. “It’s allowed me to have less stress at work because all I need to do is cover my living expenses.”
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