this post was submitted on 25 Jul 2023
26 points (96.4% liked)

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

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26
What FIRE stage are you in? (self.fire)
submitted 1 year ago by Sniffy to c/[email protected]
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Hi all, I see lots of subscribers in this community. What stage of FIRE are you guys in? curious about the demographic in here.

  • Neither FI nor RE
  • FI but not RE
  • FIRE'd
  • ?

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] 5 points 1 year ago (1 children)

Ash.

[–] [email protected] 5 points 1 year ago (1 children)

Should’ve gone with a lower withdrawal rate. 😞

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

But they said it was safe...

[–] [email protected] 4 points 1 year ago

You will safely burn through all your money with a 15% withdrawal rate.