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You are here: Home / Archives for The FIRE Movement / Financial Independence

Financial Independence

Financial Independence: the greatest thing money can buy is your freedom

Financial Independence

In the world of FIRE and early retirement is that "what" and financial independence is the "how."  Simply stated: no FI, no ER.

Financial independence, or FI for short, is when you're investments generate enough cash to cover your expenses.  That's the holy grail because it means that money is no longer an object. You're financially free!

Not Everyone Should Pursue Early Retirement

Not Everyone Should Pursue Early Retirement, but EVERYONE should absolutely strive to become financially independent.

When you're financially independent, you've got options.  You can go to work or quit.  Take a vacation or lie on the couch all day. What you do doesn't matter because you're financially free.

The Best Thing Money Can Buy

The best thing you can buy with your money isn't more stuff - it's freedom. When you no longer have to trade your time for a paycheck, then suddenly you can do whatever you want with your time.  You're free!  And that's what financial independence is all about.

5 Things I Learned from the FIRE Community

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

5 things I learned about time and money from the FIRE communityMany 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.

Building Long Term Wealth

[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.

[Read more…] about The Basics Steps I Used to Reach Financial Freedom

Your Break Even Point is the Best Day of the Month. Do You Know When it Is?

May 1, 2019 By Ty Roberts   13 Comments

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.

 

Do you know your financial break even point?

[Read more…] about Your Break Even Point is the Best Day of the Month. Do You Know When it Is?

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