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)

Finance Flow Chart (UK)

Personal Income Spending Flow Chart (Australia)

Personal Finance Flow Chart (Ireland)

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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What FIRE stage are you in? (sh.itjust.works)
submitted 1 year ago by Sniffy@sh.itjust.works to c/fire@lemmy.ml
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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 🥲

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[–] sugar_in_your_tea@sh.itjust.works 8 points 1 year ago

Neither. But I can at least see the finish line.

I'm at the point where my milestones are kinda fun. Instead of just X saved, it's:

  • can retire by w/o further investment - currently this is well before "normal" retirement age
  • can pay off all mortgage if I sell retirement assets
  • can retire in X county - every year that country gets more and more attractive

I'm hoping to reach FI in ~10 years.