this post was submitted on 18 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

/c/PersonalFinance@lemmy.world

/c/PersonalFinanceCanada@lemmy.ca

/c/AusFinance@aussie.zone


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[โ€“] ForestOrca@kbin.social 6 points 11 months ago (1 children)

"cryptocurrency, which appeals to investors who want to rush to richness. They thrive on pumping up the risk, investing in speculative stuff like crypto in the frothy pursuit of high rewards." Umm, no. At least not in my case. Cryptocurrency is type of currency that is not backed by a country or a country's banks. Escaping the tyranny of banks is why I'm interested in cryptocurrency. And the same thought process leads me to be interested in FOSS, and even the Fediverse, as opposed to giant social media corporations who make money off end users by monetizing their activities.

FWIW, I guess I'm a Boglehead, tho' I've just heard the term. I've read Bogle's book, and it makes sense to me to invest and earn gradually. Anything else is too risky. I try to 'win by not losing'.

Yup, I'm interested in cryptocurrencies as an alternative to fiat currencies, but I don't currently own any because it's just far too unstable. I may buy a small amount as places continue to accept it, mostly because I think it's cool.