this post was submitted on 25 Jul 2023

25 points (96.3% liked)

FIRE (Financial Independence Retire Early)

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2 users here now

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)

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Bogleheads Wiki

Mr. Money Moustache - a frugal lifestyle blog

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25

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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[–] FancyPantsFIRE@lemmy.world 4 points 1 year ago

You will safely burn through all your money with a 15% withdrawal rate.