Camp FIRE Finance https://www.campfirefinance.com A personal finance community for those seeking FIRE, by those seeking FIRE Fri, 10 Jul 2020 20:37:06 +0000 en-US hourly 1 https://wordpress.org/?v=5.4.2 https://www.campfirefinance.com/wp-content/uploads/campfire-finance-badge-70x70-50x50.pngCamp FIRE Financehttps://www.campfirefinance.com 32 32 401(k): A Complete Guide for Beginnershttps://www.campfirefinance.com/401k-a-complete-guide-for-beginners/ https://www.campfirefinance.com/401k-a-complete-guide-for-beginners/#respond Fri, 10 Jul 2020 20:31:28 +0000 https://www.campfirefinance.com/?p=75508 Time and tide wait for none. What also does not wait is money. The reality of the American dream could hit you hard when you reach your retirement time. As a result, people fall for ignorant retirement mistakes leading to big problems. Especially, when there are bills to pay for a myriad of things, from electricity bills […]

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]]> https://www.campfirefinance.com/401k-a-complete-guide-for-beginners/feed/ 0 Interview with Chris Mamula: Lessons Learned About FIREhttps://www.campfirefinance.com/chris-mamula-interview-fire/ https://www.campfirefinance.com/chris-mamula-interview-fire/#respond Tue, 26 May 2020 22:09:21 +0000 https://www.campfirefinance.com/?p=70528 Today we’re sitting down with Chris Mamula, the primary author of the book Choose FI: Your Blueprint to Financial Independence, to get his take on lessons learned about financial independence/retiring early. Chris retired at 41, and is a welcome part of the FIRE community. Let’s jump right in to the interview. What’s the biggest lesson […]

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]]> https://www.campfirefinance.com/chris-mamula-interview-fire/feed/ 0 An Argument for Lifestyle Creephttps://www.campfirefinance.com/an-argument-for-lifestyle-creep/ https://www.campfirefinance.com/an-argument-for-lifestyle-creep/#respond Fri, 18 Oct 2019 18:37:02 +0000 https://www.campfirefinance.com/?p=44482 If you’re in the FIRE community and you’ve heard of lifestyle creep, it’s probably been in negative context. Outside of questioning the 4% rule, it’s hard to think of bigger sin for FIRE folks than succumbing to lifestyle creep. However, I’m not so sure it deserves such a bad rap. Is spending more as you […]

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]]> https://www.campfirefinance.com/an-argument-for-lifestyle-creep/feed/ 0 When Can I Retire?https://www.campfirefinance.com/when-can-i-retire/ https://www.campfirefinance.com/when-can-i-retire/#respond Sun, 26 May 2019 08:10:03 +0000 https://www.campfirefinance.com/?p=29878 When Can I Retire? is a question many have asked. There’s no perfect answer, because everyone has a set of unique circumstances that makes the answer different for them. But We can give you a ballpark answer to the question: When can I retire? When Can I Retire? You can retire when your living expenses […]

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]]> https://www.campfirefinance.com/when-can-i-retire/feed/ 0 6 Biggest Regrets Retirees Have (And How to Avoid Them)https://www.campfirefinance.com/retirement-mistakes/ https://www.campfirefinance.com/retirement-mistakes/#comments Thu, 02 May 2019 08:10:30 +0000 https://www.campfirefinance.com/?p=26939 Your retirement may be far off, but you need to start your retirement planning early. That’s because whether you like it or not, sooner or later, you’ll have to retire someday.  Putting off retirement planning is a huge mistake. Below are six of the biggest retirement mistakes people make, and how you can avoid them. […]

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]]> https://www.campfirefinance.com/retirement-mistakes/feed/ 1 Your Break Even Point is the Best Day of the Month. Do You Know When it Is?https://www.campfirefinance.com/break-even-point/ https://www.campfirefinance.com/break-even-point/#comments Wed, 01 May 2019 08:10:13 +0000 http://www.getrichquickish.net/?p=1766 Your financial Break Even Point is the best day of the month, and you probably don’t even know when, or what, it is. That’s a huge mistake. Understanding your Break Even Point can help you reach financial independence sooner. We believe in the number so much that we just developed a Break Even Point calculator […]

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]]> https://www.campfirefinance.com/break-even-point/feed/ 13 My 10 Step Plan to Get Rich Quick’ish and Retire Earlyhttps://www.campfirefinance.com/how-to-get-rich-quick-ish/ https://www.campfirefinance.com/how-to-get-rich-quick-ish/#comments Sat, 09 Feb 2019 08:10:06 +0000 https://www.campfirefinance.com/?p=13110 Who doesn’t want to get rich quick then ride off into the sunset to live the life of their dreams? I do – that would be awesome! And based on the Google search results that drive people to this website, I’m not alone either. Here’s the good news/bad news reality: it is possible to get […]

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]]> https://www.campfirefinance.com/how-to-get-rich-quick-ish/feed/ 1 The Luxury Trap: When Niceties Become Necessitieshttps://www.campfirefinance.com/the-luxury-trap/ https://www.campfirefinance.com/the-luxury-trap/#comments Sun, 26 Aug 2018 08:10:27 +0000 https://www.campfirefinance.com/?p=3985 People are funny creatures. We quickly become accustomed to new luxuries and then we can’t seem to live without that thing we’ve lived our entire lives without. Cell phones are a good example. Just a few short years ago cell phones were expensive nice-to-haves. Today they are must have items that people have become addicted […]

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]]> https://www.campfirefinance.com/the-luxury-trap/feed/ 4 Use The Rule of 25 to Calculate How Much You Need to Retirehttps://www.campfirefinance.com/rule-of-25/ https://www.campfirefinance.com/rule-of-25/#comments Sat, 07 Jul 2018 16:39:16 +0000 https://www.campfirefinance.com/?p=5377 What is The Rule of 25? The Rule of 25, also know as the Multiply by 25 Rule, attempts to define how much money you’ll need to save for your retirement. Not surprisingly, based on the name of the rule, that amount is 25 times your annual expenses (not income). How Does The Rule of […]

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]]> https://www.campfirefinance.com/rule-of-25/feed/ 5 How to Calculate Retirement Costs for Anythinghttps://www.campfirefinance.com/how-to-calculate-retirement-costs/ https://www.campfirefinance.com/how-to-calculate-retirement-costs/#comments Tue, 19 Jun 2018 08:30:40 +0000 http://www.getrichquickish.net/?p=2252 Not long ago I was looking over my expenses when I had a financial epiphany of sorts.  It was about the true retirement costs of my spending habits. I recently wrote a post about how I’m going broke from eating out.  In that post I tried to quantify just how expensive my +$6,000 per year […]

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