this post was submitted on 17 Jul 2023
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FIRE (Financial Independence Retire Early)

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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)

Finance Flow Chart (UK)

Personal Income Spending Flow Chart (Australia)

Personal Finance Flow Chart (Ireland)


Useful Links:

Bogleheads Wiki

Mr. Money Moustache - a frugal lifestyle blog

The Earth Awaits


Related Communities:

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[–] [email protected] 4 points 1 year ago* (last edited 1 year ago) (1 children)

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?

[–] [email protected] 5 points 1 year ago

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.