this post was submitted on 18 Sep 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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[–] Sniffy@sh.itjust.works 2 points 1 year ago

geez, the market sure took a tumble this week... though on the upside, the funds are at a good discount for buying 😎

[–] SqueakyDoors@lemmy.world 2 points 1 year ago (1 children)

Gym.

My local gym membership is $400 a year and I go 3-4x a week. Good way to stay active and meet people.

[–] yenahmik@lemmy.world 1 points 1 year ago

Dang! That works out to ~$2.50 per visit. That's a pretty great deal!

[–] runawaycorvid@lemmy.world 2 points 1 year ago

I don’t love high interest rates and inflation generally speaking, but I always chuckle at the hysteria around the rate decisions that the Fed makes and the corresponding effort that everyone makes to interpret the Fed chair’s facial twitches for future clues.

I just keep my savings parked in a 5%+ money market fund and go on with my life.

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

What are your favorite low budget hobbies?

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

You guys have time for hobbies? 😅

I’ve got very little free time these days period, but some of my low(er) budget hobbies include running, coding projects (did some fun raspberry pi projects with old hardware obtained from a local buy nothing group), and listening to audio books / podcasts.

[–] runawaycorvid@lemmy.world 2 points 1 year ago

Hiking, although I did go down the rabbit hole of ultralight hiking/camping. That’s where you end up paying a premium for tents, sleep systems, and packs.

I do enjoy going to the library. We also have a few breweries around with a dog park so it’s pretty easy to grab a pint and sip on it while enjoying the weather for a few hours.

[–] yenahmik@lemmy.world 1 points 1 year ago

For myself, my main cheap hobbies are taking long walks with my dog through the neighborhood and reading books from the library.