A FIRE movement blog for those seeking FIRE, by those seeking FIRE
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.
Check out what others are saying about the FIRE movement:
Keep scrolling to check out some of the following articles related to Financial Independence and Early Retirement.
Who doesn’t want to get rich quick then ride off into the sunset to live the life of their dreams? I do – that would be awesome! And based on the Google search results that drive people to this website, I’m not alone either.
Here’s the good news/bad news reality: it is possible to get rich quick. But you shouldn’t spend much time or money trying.
[Read more…] about My 10 Step Plan to Get Rich Quick’ish and Retire Early
Happy Halloween, Campers! Today is the day when much of the Western world celebrates an ancient Celtic harvest festival by donning costumes of all sorts to ward off evil spirits and ghouls. Actually, much of the Western world has no idea why we celebrate Halloween, they just like to dress their kids up and send them off to ask strangers for candy.
This particular Halloween might be a bit spookier than most, especially for those of us new to The FIRE Movement that have enjoyed massive stock market gains since deciding to get our financial act within the past decade or so. That’s because this massive bull run appears to be slowing down. For many investors this could be their first bump in the road.
Most of this year has been great, but October has seen year-to-date gains wiped out. The market is now at a lower point than when the year began (at the time of this writing, we’re down -1.21% for the year after seeing highs over 8% a short time ago).
Spooky times indeed!
[Read more…] about Index and Chills – Don’t Get Spooked When the Market Does
As more people become aware of and join the FIRE movement, the definition of FIRE continues to evolve. So just exactly what does FIRE stand for in finance terms? Well, that really depends on who you ask.
[Read more…] about The Newbies Guide to Understanding FIRE Finance
People are funny creatures. We quickly become accustomed to new luxuries and then we can’t seem to live without that thing we’ve lived our entire lives without.
Cell phones are a good example. Just a few short years ago cell phones were expensive nice-to-haves. Today they are must have items that people have become addicted to and can’t seem to function without.
[Read more…] about The Luxury Trap: When Niceties Become Necessities
By Mike Monfredi.
I had heard that dental school was “expensive.”
How expensive… eh? Didn’t have that exactly dialed-in yet. But as my wife (Monica – then fiancee) began applying to different schools, I became increasingly concerned with those annual tuition costs.
[Read more…] about Slash Your Student Loans Before You Need Them
