this post was submitted on 17 Jul 2023
14 points (100.0% liked)
FIRE (Financial Independence Retire Early)
1140 readers
1 users here now
Welcome!
FIRE is a lifestyle movement with the goal of gaining financial independence and retiring early.
Flow Charts:
Personal Income Spending Flow Chart (US)
Personal Income Spending Flow Chart (Canada)
Personal Income Spending Flow Chart (Australia)
Personal Finance Flow Chart (Ireland)
Useful Links:
Mr. Money Moustache - a frugal lifestyle blog
Related Communities:
founded 2 years ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
I think the definitions are subjective and can be contentious. People seem to love debating the one true list of dollar amounts for each level, which then invariably spirals into a cost of living, size of household, and inflation debate.
I was trying to side step that by just asking where people see themselves and not the underlying numbers. I think what you’re aiming for, regardless of whether we’re using exactly the same definitions, conveys a lot about your risk appetite, desire for luxuries, etc.
You mention your expenses would now be seen as lean — do you actually agree with that or is it more your impression of community sentiment?
Community sentiment, definitely. I'm quite comfortable that our numbers have been reached from years of measuring how much we spend, so how much we'll need.