this post was submitted on 26 Feb 2024
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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


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[–] [email protected] 4 points 7 months ago (1 children)

I encountered a small scale version of this situation a few years back — my dad’s wife had a 403b that had been in cash or cash equivalents for the better part of a decade. This was mostly during the bull market too. Even investing conservatively it would have been double the value. It really drives home how important sane defaults like a target date fund can be. And also default opt in/increases/etc.

[–] [email protected] 4 points 7 months ago (2 children)

Reminds me of an old commercial I saw. https://www.youtube.com/watch?v=w1gMkw6WDXE

To be clear, I DON'T advise anyone leaving their money in a bank, there are way better places to put it. Stocks, real estate or whatever, I just hate when people put their money away and have no idea what it's doing.

[–] [email protected] 4 points 7 months ago

It’s a shame too because they’ve already done the hard part by saving.

[–] [email protected] 2 points 7 months ago

Here is an alternative Piped link(s):

https://www.piped.video/watch?v=w1gMkw6WDXE

Piped is a privacy-respecting open-source alternative frontend to YouTube.

I'm open-source; check me out at GitHub.