Camp FIRE Finance
A personal finance community for those seeking FIRE, by those seeking FIRE
Anyone that has ever dreaded going into work has dreamt about retiring early. It's safe to assume that nearly everyone has fantasized about taking their job and shoving it.
While that sounds great, an early retirement isn't a good idea unless you've taken the time to set yourself up for success.
What you'll find here are articles, podcasts, videos and other kids of content that will help you create a strategy to retire early. Regardless of where you're at on your financial journey, we've got you covered. Browse around for amazing content that will help you create a rock solid plan to retire early.
Any successful retiree needs one thing: a financial portfolio that will last longer than you. Take a look around this site for content that will help you build a portfolio that will allow you to reach financial independence and retire early.
Building long term wealth is the cornerstone of the FIRE movement, but it takes more than cutting back how much you spend on groceries to get there. While watching your budget and keeping your expenses down help, you need lasting wealth if you hope to achieve financial independence.
So, what’s the secret to lasting wealth? Unfortunately, if you’re searching for the mystic yellow brick road leading to success, you’ll be disappointed.
When Can I Retire? is a question many have asked. There’s no perfect answer, because everyone has a set of unique circumstances that makes the answer different for them. But We can give you a ballpark answer to the question: When can I retire?
Your retirement may be far off, but you need to start your retirement planning early. That’s because whether you like it or not, sooner or later, you’ll have to retire someday. Putting off retirement planning is a huge mistake. Below are six of the biggest retirement mistakes people make, and how you can avoid them.
[Read more…] about 6 Biggest Regrets Retirees Have (And How to Avoid Them)
Your financial Break Even Point is the best day of the month, and you probably don’t even know when, or what, it is. That’s a huge mistake. Understanding your Break Even Point can help you reach financial independence sooner.
We believe in the number so much that we just developed a Break Even Point calculator so that you can quickly and easily figure out your number, and then get to work fixing it! So read on, determine your financial break even point and tip the financial scales in your favor.
[Read more…] about Your Break Even Point is the Best Day of the Month. Do You Know When it Is?
Is FIRE worth the effort? Sometimes I wonder if chasing after FIRE (Financial Independence, Retire Early) is really what I want and whether it’s a movement I should enthusiastically encourage. I ask myself if maybe I’ve just been sucked into the hype, running after something I don’t really understand or appreciate?
Don’t get me wrong – it would be great to have the freedom to decide how I live my life and how I choose to spend my time and money. But is it worth the effort to chase after FIRE if I don’t have plans to retire early? More importantly, is it worth pursuing if I’ve joined the FIRE movement too late to retire early?
As a 30-something year old, I understand that time may still be on my side. I’m no spring chicken, but I’m also not staring retirement in the face. I’m in that awkward in-between phase. And this possibly makes me one of the lucky ones.
But what about my family, friends and colleagues who don’t have the same luxury? Should they be discouraged from chasing after FIRE, simply because the movement was birthed too late for them?
