I am in the first category, working towards FI for seven years now and recently reached 100K NW. Unfortunately I live in very HCOL area so I still have long ways to go 🥲

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[–] [email protected] 11 points 1 year ago* (last edited 1 year ago) (1 children)

You missed Coast/Barista in your hierarchy

Financial position	Not retired	Semi-retired	Retired
Pre FIRE	x	-	-
Coast	x	x	-
Barista	x	x	-
FI	x	x	x

The difference between Coast and Barista is whether your non-investment income fully covers expenses. To Barista FIRE you must have a bit more invested to support some level of draw-down

[–] Sniffy 7 points 1 year ago (1 children)

thank you, I was not sure about the detailed hierarchy. So Coast is working with regular full time instead of part time? That seems like what most people would prefer by continuing their current jobs... rather than quitting it to have a more labor intensive part time job.

[–] [email protected] 7 points 1 year ago* (last edited 1 year ago)

Coast is working enough that you don't have to touch your investments (whether working full or part time, so you can be semi-retired). Your investments are forecast to grow to your retirement goal without any more saving

Barista is working full or part time in something that doesn't pay enough to cover your day to day expenses, but it's ok because you have enough capital to draw on your investments without compromising your retirement goals