this post was submitted on 25 Jul 2023
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FIRE (Financial Independence Retire Early)

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Welcome!

FIRE is a lifestyle movement with the goal of gaining financial independence and retiring early.


Flow Charts:

Personal Income Spending Flow Chart (US)

Personal Income Spending Flow Chart (Canada)

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Personal Income Spending Flow Chart (Australia)

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Useful Links:

Bogleheads Wiki

Mr. Money Moustache - a frugal lifestyle blog

The Earth Awaits


Related Communities:

/c/PersonalFinance@lemmy.ml

/c/PersonalFinance@lemmy.world

/c/PersonalFinanceCanada@lemmy.ca

/c/AusFinance@aussie.zone


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Hi all, I see lots of subscribers in this community. What stage of FIRE are you guys in? curious about the demographic in here.

  • Neither FI nor RE
  • FI but not RE
  • FIRE'd
  • ?

I am in the first category, working towards FI for seven years now and recently reached 100K NW. Unfortunately I live in very HCOL area so I still have long ways to go ๐Ÿฅฒ

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[โ€“] NovaPrime@lemmy.ml 8 points 1 year ago (1 children)

Neither FI nor RE. About 10-15 more years to go assuming a conservative (steady and realistic) timeline. Optimistically around 7 if the stars align and a few previous stock option gambles pop, but i treat those as pricey lottery tickets at best in today's environment.

[โ€“] Sniffy@sh.itjust.works 5 points 1 year ago (1 children)

wow so you're more than half way there, nice. I do similarly have a few fun tech stocks but they fluctuate like extreme rollercoasters haha.

[โ€“] NovaPrime@lemmy.ml 6 points 1 year ago

We're blessed for sure, to borrow the phrase. Right now everything is essentially on coast for the next few years to build momentum, but I still can't help but obsessively check the sheets and numbers constantly