FIRE (Financial Independence Retire Early)
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
Related Communities:
I have a number of friends that live off real estate holdings. None of them say they are retired. Constantly busy with maintenance.
Half of them are focusing on selling their properties as tenants leave.
Not FIREd yet and also not an active real estate investor, but I currently rent one property that I use to live in
My plan is that everytime I move out of a house, I rent it out
Not gonna rake in a bunch of money or anything, but over the long term, I'd hope it shorterns my FIRE timeline
I have a buddy who cashed out his retirement savings, rushed into 3 properties that are pretty run down, and now stresses about repairs because he doesn't have the cash on hand.
He wanted to be a slumlord because he didn't want to work a job, over-leveraged himself, and is now stressed all the time.