13
I found my wealth-building people. We agree getting rich is a slow race.
(www.washingtonpost.com)
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:
I got lucky, the laziest investing method turned out to be one of the better ones. I was originally looking at which stocks pay the most dividends so I can contribute with minimal effort, then learned about index funds, and which funds the most reliable, etc... that got me into FIRE.
I think the stats that really drove the point home for me, was when I heard that the people who were the most successful investors were the ones who died or forgot their account log-in.
Original Motley Fool article (it does appear looking for the study now that this might be an urban legend, as there is no evidence of the original study)
I feel the same way, I was doing the boring investment thing and didn’t get into FIRE proper until I’d already amassed a decent nest egg about 9 years into my career.