FIRE stands for "Financial Independence, Retire Early." It is a movement or lifestyle choice that aims to allow individuals to retire much earlier than the typical retirement age by saving and investing a significant portion of their income and living frugally. The goal of FIRE is to achieve financial independence, which is defined as having enough passive income or assets to cover one's living expenses without the need to work for pay.
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Several years ago, I made a “killer” Black Friday score. I’d been eyeing a sleek set of headphones, and after ... Read more...
You’ve got a target number. When your investments add up to it, eureka! You’ve reached financial independence. Retiring early is ... Read more...
Hey everyone! Did you have a good month? October flew by for us. RB40Jr was busy with Ultimate Frisbee and Wushu almost every day. I started a ceramic class and ... Read more The post October 2024 FIR...
I discovered FIRE in October of 2012 when a google search led me to MMM: How do I retire early? I wasn’t expecting much. The search was a hail mary move during a difficult part of my life. But M...
Hey everyone! Did you have a good month? September was glorious in the Pacific Northwest. The weather turned cooler, RB40Jr started 8th grade, and life settled into a familiar rhythm ... Read more The...
For most people with above average incomes and the willingness to save and invest, becoming financially independent and having the ability to retire early (FIRE) is not only achievable, it is the inev...
FIRE involves making large sacrifices to achieve financial independence at a younger age....
The FIRE movement made the rounds in national news for a few years and still gets a head nod here and there. The early retirement (RE) part of FIRE always received more criticism because it’s th...
When I started blogging, I often lamented that I didn’t learn about FIRE when I was in my 20s. I could have saved more and retired from my engineering career ... Read more The post Young People ...
When I retired at 42 in 2021, I discovered the concept of Financial Independence Retire Early, also known as FIRE. Even though I had already reached financial freedom, understanding the mindset behind...
Hey everyone! Summer is over. Our son is back in school and the weather is turning cooler. It’s nice and quiet at home again. Ahhh… August was a tough month ... Read more The post August ...
Those who have FIREd like Keven Sebesta are choosing to rock life each day. In this final episode on the FIRE movement, we’ll explore what we can learn from them. Join Kevin and me to discover h...
Over these past few weeks, we have been discussing the FIRE movement with Kevin Sebesta, a coach in the RRC who achieved FIRE some time ago and has been rocking retirement ever since. This week Kevin ...
Have you heard of the FIRE movement? It’s become increasingly popular in the past few years. Even if you are technically too old to retire early, there is something we can all learn from FIRE se...
The reader cases in our inbox is piling up again, so without further ado, here’s the latest one that caught my eye. The subject was about a single dad working towards FIRE and ever since we beca...
We’ve all collectively been through a rough few years. After a brutal global pandemic and stock market crash, followed by years of inflation and the subsequent rise in interest rates, you can be...
Hey everyone! Thank you for all the well wishes. I’m recovering from the shingles outbreak on my face. The shingles got down to my left eyelid and I was worried ... Read more The post July 2024 ...
Do you like the idea of early retirement, but you don't want to have to save every penny? Do you seek financial independence, but you don't want to permanently leave the workforce? Then Coast FIRE mig...
After being retired for 10 years and preaching about FIRE, I’ve learned somethings about why certain people are more resistant to FIRE than others, but overall, it’s still a mystery. In fa...
We love doing reader cases on this blog, as that’s kind of our way of giving back to the FIRE community that has been so kind to us over the years. Most of the time, we don’t really have a...
After 12 years of FIRE (financial independence retire early), I went back to work. Unfortunately, I only lasted four months. Here's my story of what went wrong. I purposefully waited months to release...
Hi FIRECracker and Wanderer (and Little Matchstick), I could also title this, “I think I’m mathing my shit wrong.” I’ve never been a Mathlete and always like to use the excuse ...
There's a classic saying, “Youth is wasted on the young.” It's meant to convey that those who are young lack the perspective to appreciate all the advantages of youth and thus take it for ...
Hey Everyone! This FIRE update will be a short one because I’m on vacation in Japan. We are exhausted from walking around so much every day. Fortunately, I got us a room at the Dormy Inn. This h...
Today’s reader case really caught my eye because not only are they not six-figure STEM people, they love traveling as much as we do. Plus, they are able to do this FIRE thing on a combined $145k...
Hey everyone! Wow, it’s almost summer. The months are flying by quickly. That’s what happens when life is good. May was a busy month for me. I went to the gym, delivered some lunches, work...
With the New York Times article on Fat FIRE, I've been thinking a lot more about the repercussions of achieving financial independence and retiring early. One of those repercussions is that financial ...
Incorporating these FIRE practices into your daily living can enrich your life and put you on the path to rocking retirement (at any age!)....
On August 7, 2023, I received an email from Amy X. Wang, the assistant editor at the New York Times Magazine, inquiring about the modern-day FIRE movement and its Fat FIRE offshoot. Amy is a self-proc...
Meet the schemers and savers obsessed with ending their careers as early as possible....
Hey everyone! Wow, it’s May. The months are flying by so quickly. That’s what happens when life is good. April was a busy month for me. I went to the gym, delivered some lunches, worked on...
The Federal Trade Commission’s (FTC) recent decision on noncompete clauses could be the golden parachute you’ve been planning for. Imagine ... Read more...
The Mad FIentist (Brandon) is a FI legend. Many of his posts are cornerstone content for planning and executing FIRE life. These stand out: And my all-time favorite: How To Access Retirement Funds Ear...
Active investing in the stock market is a strategy for building long-term wealth that’s not often part of FIRE. Leif ... Read more...
FIRE can be daunting when you’re starting out. When you’re young, you want to enjoy life and have fun. Saving for retirement is important, but it looks like a distant future when you&rsquo...
Today’s reader case comes from the Czech Republic (now Czechia). I loved Prague when we visited, Czechia will always hold a special place in our heart for the classical medieval architecture com...
Hey, everyone. It’s April and spring is here. What’s that bright ball in the sky?! Oh, it’s the sun. That’s what Portlanders say after a long gloomy winter. Finally, we have a ...
Are you setting a good example for your kid? Shouldn’t you work full-time at the office to support your family? What are you teaching your son by retiring early? These are valid questions. I lef...
One of the most commonly asked questions I get is whether I had to make sacrifices in my pursuit of FIRE (financial independence and retire early). When they refer to sacrifices, what they really mean...
Those who have FIREd like Keven Sebesta are choosing to rock life each day. In this final episode on the FIRE movement, we’ll explore what we can learn from them. Join Kevin and me to discover h...
Learn what is Coast FIRE and how it can help you achieve financial freedom to help you enjoy retired life before your 60s....
In 2009, I established my first rule of FIRE: generate enough passive income to cover your basic living expenses. Once achieved, you attain financial independence and the freedom to pursue your desire...
The mainstream financial media’s portrayal of early retirement has always felt disingenuous, leading with “this 30-something retired” or some variation of that hook, then later highl...
Will kids ruin your plan to FIRE? (Financial Independence Retire Early) Kids can be expensive, but don’t let that stop you. They might change your plan a bit, but FIRE won’t be out of reac...
In the personal finance journey, few concepts have garnered as much attention and interest as the FIRE movement – an ... Read more...
Have you heard of the FIRE movement? It’s become increasingly popular in the past few years. Even if you are technically too old to retire early, there is something we can all learn from FIRE se...
Hey, everyone. Happy days are here again! Last year, the US economy grew faster than any other large advanced economy. Things are looking good in 2024 as well. Unemployment is low, inflation is modera...
In 2019, I retired from the practice of medicine, giving up my day and night job as an anesthesiologist for ... Read more...
I've been documenting my journey in Financial Independence Retire Early (FIRE) since July 2009. To the best of my knowledge, I can't identify any other blogger who commenced their FIRE journey earlier...
Here’s what you can do to retire early and be prepared for the next decades....