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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[–] [email protected] 9 points 2 years ago

Thanks for creating the community! I'm mostly posting to signal boost here so others can see that someone actually posts here.

I'll give my brief story. I've been happily married for >10 years and a couple years in, my brother recommended I read Mr. Money Mustache's blog, and I ended up reading most of his posts within a week or two and I was hooked. I'm a SWE and love optimizing things, so I soon found Mad Fientist and loved that style, and soon I was off building my spreadsheet. At first it was just a few calculations, and now it handles most of my taxes, tracks payroll, does a ton of projections (many of which are irrelevant), and so on.

Fast forward to today, my brother is FIRE, and I'm on my way to get there in my mid-40s. I don't make a crazy salary, but I do well enough that I can sustain a 40-45% savings rate while still keeping up somewhat with the neighbors. I'm very frugal and look forward to sharing frugal ideas, as well as just crunching numbers.

Anyway, welcome everyone! I'm going to make an effort to post a bit over the next few days, so please don't hesitate to ask questions so I can throw together some relevant posts. I'll try to ask some of my own so others get good ideas of topics to post about.