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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I’m a DIY financial planner and investor. Hiring a financial advisor never made sense since I studied finance and enjoy money management as a hobby. I almost became an investment advisor a few t...
Happy New Year everyone! Wow, another year is gone. Did you have a good year in 2023? It was a mix of good and bad for me. The low point was when my mom passed away. It made me think about mortality a...
Advertiser Disclosure: Physician On FIRE has partnered with CardRatings for our coverage of credit card products. Physician On FIRE and ... Read more...
Advertiser Disclosure: Physician On FIRE has partnered with CardRatings for our coverage of credit card products. Physician On FIRE and ... Read more...
Advertiser Disclosure: Physician On FIRE has partnered with CardRatings for our coverage of credit card products. Physician On FIRE and ... Read more...
Social Security beneficiaries are getting a raise, and the COLA (cost of living adjustment) for 2024 is 3.2%....
Hey everyone! Oh wow, it is December already. Did you have a good Thanksgiving? We stayed home and had a low-key holiday. However, we spent more money than usual during the Black Friday sale. Someone ...
Adherents of “Coast FIRE” front-load their savings early in their career, but don’t stress as much later on. ...
Most of us enjoy hearing inspirational stories. It’s even more rewarding when you get to play a small role. Today’s article is a combination of both. This one is special. A real-life case ...
Viktor applied FIRE principles frequently espoused on this blog. He grew up an immigrant raised by a single mother on welfare. He retired in 2020 at the ripe old age of 35. His wife recently joined hi...
Look at the practicalities associated with saving and retiring early before setting up a plan....
Welcome to Dad is Fire. Usually, the about me section of a blog is to tell you who I am and to talk about myself. This blog isn’t so much about who I am, as it is what I am. So what am I? I am s...
When I was in Corporate America, a common mantra in my office was… Ready. Aim. Fire. Sounds easy, but often we take what feels like the safer approach. Ready. Aim. Aim. Aim. Aim…. The Re...
A stroke neurologist by training and landscape photographer by passion, Nirav H. Shah has achieved significant breakthroughs in improving patient ... Read more...
Jorge Sanchez’s inspiring entrepreneurial journey is no less than a piece of fiction. His path to success has often been ... Read more...
Quick note: I’ve been thinking a lot about happiness lately. I’m at a good place in life, the best I’ve been in decades, so have a lot to say on the matter. On Monday, tune in for Pa...
Hey everyone! Autumn is here. The day is getting shorter and colder. Most Portlanders have been waiting for the comforting cloudy days, but not me. I love the long bright summer days. Lately, I feel t...
Over the past few years, more and more people are looking to achieve financial independence and retire early. This has led to the popularization of the FIRE (Financial Independence, Retire Early) move...
Hey everyone. I have an announcement to make. Heh heh. The announcement always means trouble, especially at the dining table. But this isn’t a huge deal. I’m planning to work a bit more to...
I was not going to write this 4 years of FIRE post but I’ve had a number of requests for it which made me do a little thinking. In the end I thought it might add a little value as it’s no ...
March 10, 2023 After seven years of blogging in the personal finance and FIRE community, I realize that there’s one type of post I’ve always avoided: How to explain FIRE to a complete newb...
The backdoor Roth is touted as an important, no-brainer move for a high-income investor to make. This post explores the marginal benefit of doing so....
Understanding the concept of Enough is crucial. John Bogle gets it. So does Joseph Heller. Do you know what Enough means in your life?...
A step by step guide that shows you how to successfully complete a Backdoor Roth IRA contribution via Vanguard in 2023 (for a mutual fund or brokerage IRA)....
We are big believers in financial independence! But did you know we also think Coast FIRE is better than traditional FIRE? Find out why!...
Money can’t buy happiness. I’m pretty sure we’ve all heard that cliche, complete with some chiding reason to abandon your financial goals altogether. And while I agree with that statement at fac...
After years of slowly kindling among fringe enthusiasts, the trend of penny-pinching to quit work is catching on like wildfire. FIRE (Financial Independence-Retire Early), first popularized as a core ...
Today’s interviewee is a young 45, has a single fund in his portfolio, and has an extremely low withdrawal rate ... Read more...
Hey everyone! January was a nice month, wasn’t it? The stock market did quite well. Inflation seems to be taming. The job market is still strong. Things are looking up. Our net worth increased a...
Financial stress is a burden that affects millions of people each day. From worrying about paying bills to saving for retirement, it can feel like you’re stuck in a never-ending cycle of financi...
Early retirement / FIRE is becoming obsolete and that’s a good thing! As one of the pioneers of the modern-day FIRE movement, I’ve witnessed many changes since 2009. In the good old days, ...
As I near my 10th year of early retirement, I’ve had a lot of time to reflect on what it means to “FIRE”. And, I’ve been toying with the idea of redefining FIRE altogether. If ...
Retiring early and becoming financially independent is a good goal. But most goals aren’t achieved unless you map out a ... Read more...
Given the name of this site, Physician on FIRE, you might well come away with the impression that I am a fan of not only the financial independence part of...
So understanding that value proposition all of us have in trading our time for money is one of ten lessons that our poster, Tawcan, has learned during his...
Reaching Coast FIRE has given me more room to take chances and pursue a more fulfilling life. Learn how I got to this point of financial independence....
Are you saving enough? It's the most basic of questions. Yet, I’m always so disappointed when I see an article showing how low the US savings rate is. A recent study by Fidelity showed that th...
Saving for FIRE is the last thing on the minds of most people. Although almost everyone dreams of being financially independent and retiring early, very few are doing anything about it. Americans ...