The FIRE Movement

What is FIRE and how does it work?

The FIRE Movement

The FIRE Movement is a lifestyle choice with the end goal of financial independence and an optional early retirement. FIRE, an acronym standing for Financially Independent Retired Early, is based on two financial rules of thumb: The Rule of 25 and The 4% Rule.

Financial Independence

Often called FI (rhymes with hi), Financial Independence is achieved with your living expenses can be met by income generated from your investments. Basically, one if financially free when working for a paycheck is optional.

Retired Early

Not everyone should pursue an early retirement, but everyone should pursue financial independence. Many in the FIRE movement have no intention of giving up work once they are FI.

People of The FIRE Movement

Check out what others are saying about the FIRE movement:

What is Financial Independence, from Mr. FI Guy
Starting a FIRE, from Caught on FIRE
What FIRE Means to me, from Enchumbao
Light Yourself on FIRE This Year, from Funding Happy
What is Financial Freedom and Why You Should Want It, from Smart Money Manners
FIRE Fundamentals, from Partners in FIRE
What is FIRE, from Your Money Blueprint
FIRE By Any Other Name, from She Picks Up Pennies
What Do You Mean, "On FIRE"?, from Physician on FIRE
The Financial Community is on FIRE, from Little Brother Life Coach
The Five Personas of FIRE, by Prairie FIRE Canada

Additional Reading

Keep scrolling to check out some of the following articles related to Financial Independence and Early Retirement.

5 Things I Learned from the FIRE Community

October 25, 2019 By Sam at How To FIRE Leave a Comment

Many people dream of becoming financially independent and retiring early, but it’s something that only a small percentage ever achieve. For most, work continues well into their sixties (and sometimes beyond), leaving little time to enjoy the fruits of their labor.

The idea behind FIRE (which stands for financial independence, retire early) is to provide the intellectual tools, resources, and support that people need to make early retirement a genuine possibility. [Read more…] about 5 Things I Learned from the FIRE Community

5 Awesome Ideas for Building Long Term Wealth

June 17, 2019 By Amy Beardsley 1 Comment

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.

[Read more…] about 5 Awesome Ideas for Building Long Term Wealth

When Can I Retire?

May 26, 2019 By Ty Roberts Leave a Comment

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?

[Read more…] about When Can I Retire?

The Basics Steps I Used to Reach Financial Freedom

May 15, 2019 By Inna Rosputnia Leave a Comment

They say money doesn’t make you happy, but I can’t fully agree. Who doesn’t want to reach financial freedom? I love money, and I believe it’s normal. We all work to earn. How else can you achieve financial freedom? However, money is not a goal; its an instrument to make your dreams come true, to live a fulfilled life, travel, be able to pay kids education and finally retire.

Money is simply a necessity like food or water, it helps you buy the things you need.

6 Biggest Regrets Retirees Have (And How to Avoid Them)

May 2, 2019 By Rick Pendykoski 1 Comment

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.