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)

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:

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submitted 2 years ago* (last edited 1 year ago) by [email protected] to c/[email protected]
 

Hi all, I wanted to create this community for those interested in the FIRE movement to share their experiences.

A few years ago, I started tracking my net worth and increasing my savings to hopefully even have a chance to retire, and now want to push further to achieving financial independence and MAYBE HOPEFULLY retire a few years earlier as well.

Anyone else in a similar situation? How has the journey been for you so far?

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[–] yenahmik 8 points 2 years ago

Thanks for starting this community!

I started on this path back in 2015, while working at a low paid dead end job. I figured at least if I followed the investing principles from bogleheads, MMM, and r/financial independence, that at least I could retire someday.

Now 8.5 years later, I'm at a much better job in a career I enjoy. More importantly, I'm much further along the FIRE path and could conceivably retire in the next 5-10 years.

It's crazy the confidence that comes from being able to last years on your current savings. With all the rumblings of layoffs/recessions I don't really care if I'm one of them or not. I'm still at a point where I'd have to get a new job eventually if I was to be let go, but I'd be fairly comfortable for several years if I needed to be.