this post was submitted on 16 Oct 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

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[–] yenahmik@lemmy.world 3 points 1 year ago (4 children)

Question of the week: Would you take a 25% pay cut for a dream job?

[–] FancyPantsFIRE@lemm.ee 2 points 1 year ago

I’m honestly not sure what a dream job is for me, so probably not. Our number is in sight and we’re coping through the difficult young child years so I’m not inclined to take my foot off the gas.

[–] Sniffy@sh.itjust.works 2 points 1 year ago

Well... I'd rather stay and keep the 25% for an "ok" job 😄. A dream job is so fagile, especially when an important team member leaves / management changes for the worse and changes the entire work dynamic.

[–] runawaycorvid@lemmy.world 2 points 1 year ago* (last edited 1 year ago)

I also have no idea what a dream job would be for me. If I have to do it and I wouldn’t ordinarily do it with my free time, then it’s still just a job to pay the bills and get me to retirement.

There aren’t many situations I would take a pay cut for, aside from protecting my mental or physical health.

[–] xyzzy@lemm.ee 2 points 1 year ago* (last edited 1 year ago)

Dream jobs never last forever. I had one that was basically a dream job in retrospect, and I stayed there for five years. I probably was paid 25% below market there, but I didn't care, because I liked everyone I worked with, I had friends there, the company culture was so easygoing, and the work was interesting but not stressful or high pressure. Things eventually changed, though.

My current job is basically the opposite, except I still like many of my peers and at least some of the work is interesting. High stress, terrible company culture, burnout. But I'm paid about 3.5x what I earned at the "dream job," which will let me pay off my house very soon and retire in a reasonable time frame.