this post was submitted on 14 Nov 2024
9 points (90.9% liked)

FIRE (Financial Independence Retire Early)

1139 readers
2 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)

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:

/c/[email protected]

/c/[email protected]

/c/[email protected]

/c/[email protected]


founded 1 year ago
MODERATORS
 

Link is to an older podcast episode, and The Money Guy YouTube channel occasionally talks about FINE instead of FIRE.

Here's the definitions of each:

  • FINE - Financial Independence Next Endeavor
  • FIRE - Financial Independence Retire Early

Basically, FINE focuses on what you plan to do after achieving financial independence, whereas FIRE tends to focus on cessation of working. I always called it FI (leave off the retirement part), but I suppose FINE works.

Anyway, just wondering what everyone else is planning to do once they hit Financial Independence, whether that's retirement or starting something new. I'll leave mine in the comments.

you are viewing a single comment's thread
view the rest of the comments
[–] sugar_in_your_tea 2 points 1 week ago

Yup, planning to write up some plans this winter so I can build it in the spring. Have kids from 4-10, so I think it's the perfect time to build one, and my SO has been begging for a mini playground, which I've pushed back on because we have a park within walking distance.