this post was submitted on 02 Dec 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


Related Communities:

/c/PersonalFinance@lemmy.ml

/c/PersonalFinance@lemmy.world

/c/PersonalFinanceCanada@lemmy.ca

/c/AusFinance@aussie.zone


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[–] yenahmik@lemmy.world 5 points 2 months ago (1 children)

With the recent market rally, my portfolio has finally reached the point where a 4% withdrawal rate would pay more than my first job after I graduated university. I could theoretically leanfire on that amount, though I'm planning a higher number due to lifestyle inflation since then.

[–] sugar_in_your_tea@sh.itjust.works 2 points 2 months ago (1 children)

Good work! That's worth celebrating!

Any plans to change up work? Or just keep going until you hit your number?

[–] yenahmik@lemmy.world 3 points 2 months ago

We shall see. My company is pending mass layoffs so I may not have a choice in the matter. As of now, I hope to just keep going as my company provides a decent work life balance (lots of PTO compared to basically every job posting I see)