When you’re financially independent (FI) and your time is your own, that’s living the FI-Life. Although I’m not there yet, I’m working on it and I can’t wait to get there!
The FIRE Movement
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.
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.
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
Keep scrolling to check out some of the following articles related to Financial Independence and Early Retirement.
I’ve had an epiphany of sorts.
Rather than a flash of inspiration, or a sudden strike of brilliance, this has been more like a light bulb dimmer switch slowly being pushed up, gradually providing more and more illumination.
I’ve come to realize that my drive reach financial independence and retire early isn’t really about financial independence at all. It’s really about personal independence; FIRE is Freedom. [Read more…] about Don’t Tell Me What To Do
Before I begin, let me apologize to my non-American readers. This Cyclelogical post uses statistics and numbers that are US-based. That said, don’t let that take away from the overall message of this post which is this: riding a bike is good for you in almost every conceivable way.
I’ve been with my current employer for nearly five years now. Throughout that time I’ve held a few different positions, worked on various teams, and had a handful of different managers, but something I learned during my very first week on the job has stuck with me the entire time. I call it the ‘3 Solutions’ rule and I believe it can help all of us reach financial independence.
[Read more…] about Reach Financial Independence Using The Three Solutions Rule
I’m sitting in my favorite chair at the moment, legs crossed, computer in my lap, sipping my coffee and enjoying my morning immensely. On a normal day, I’d just now be sitting down in my office, getting ready to tackle another day. But today I’m at home with my immediate family, thinking about the extended family I just left.
Last week we traveled to spend time with family that lives over a thousand miles away from us. It was a chance to let our kids play with cousins that they don’t get to see very much, and for my wife and me, it was a chance to reconnect with our siblings, and most importantly, to spend time with our aging parents.
[Read more…] about There Are Worse Things in Life Than Working