8
submitted 1 week ago by andocas@lemmy.world to c/fire@lemmy.ml
you are viewing a single comment's thread
view the rest of the comments
[-] burble@lemmy.dbzer0.com 1 points 2 days ago

I meant a 50% savings rate. One of the rules of thumb is to have 25x your desired expenses invested. That's equivalent to a 4% withdrawal rate. So, the savings rate helps you think about how long it will take from the beginning, but I think switching to looking at that expenses vs investments multiple makes sense once you're further along the journey.

"Helping engineers with FIRE" is more like convincing new grads that they have a good job and a path to early retirement even though they can feel hopeless about finances and have a bleak outlook. Showing a compound interest calculator, explaining the free money in the company 401k match, that kind of thing.

this post was submitted on 02 Nov 2026
8 points (100.0% liked)

FIRE (Financial Independence Retire Early)

1482 readers
3 users here now

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:

/c/PersonalFinance@lemmy.ml

/c/PersonalFinance@lemmy.world

/c/PersonalFinanceCanada@lemmy.ca

/c/AusFinance@aussie.zone


founded 3 years ago
MODERATORS