this post was submitted on 10 Jun 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)
Personal Income Spending Flow Chart (Australia)
Personal Finance Flow Chart (Ireland)
Useful Links:
Mr. Money Moustache - a frugal lifestyle blog
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Thanks for starting this group. I started on my FIRE journey in 2018,though I didn't know it at the time. After years of just barely getting by, I decided to take control of my finances, track everything, and aggressively pay off my student loans. In 2020 I finally paid off my loans and switched to saving money, though I've also spent far more than I would have liked on deferred maintenance projects that I couldn't afford before.
Somewhere in there I learned about FIRE and started working on a plan for my family. At first I thought I would only manage FI and not RE, but that would still be a great outcome. Right now I'm looking at late FIRE in about 15 years (I will be in my late 50s then).
I don't usually post much, but will try to participate more to help contribute to growing this community.