A FIRE movement blog for those seeking FIRE, by those seeking FIRE
Anyone that has ever dreaded going into work has dreamt about retiring early. It's safe to assume that nearly everyone has fantasized about taking their job and shoving it.
While that sounds great, an early retirement isn't a good idea unless you've taken the time to set yourself up for success.
What you'll find here are articles, podcasts, videos and other kids of content that will help you create a strategy to retire early. Regardless of where you're at on your financial journey, we've got you covered. Browse around for amazing content that will help you create a rock solid plan to retire early.
Any successful retiree needs one thing: a financial portfolio that will last longer than you. Take a look around this site for content that will help you build a portfolio that will allow you to reach financial independence and retire early.
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).
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A short and sweet post today about something that I’ve been thinking about recently. Is your side hustle holding you back financially?
I had visions of grandeur when I started my first blog in late 2015. At the time I’d been bitten hard by the early retirement bug and I wanted a way to share what I’d discovered. But these days I’m wondering if I’m not biting the hand that feeds me? I can’t help but wonder whether or not I’d be better off financially had I not stared this blog in the first place.
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This article was written by Early 20s Money
No, it is not an actual fire, and it certainly isn’t something to run away from! FIRE stands for:
Financial Independence — Retire Early
[Read more…] about Why Every Young Adult Should Start Pursuing FIRE
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 dining out habit really is, and this is what I came up with: not only do I spend over $6,000 per year eating out, but maintaining that habit in retirement means that I need to boost retirement accounts by $150,000.
[Read more…] about How to Calculate Retirement Costs for Anything
I’ve said before on this blog that my parents didn’t teach me about money. I’ve told you that my mom and dad taught me how to be an honest, hardworking person, but that I didn’t learn much about money from them. Well I was wrong and would officially like to take back that comment.
Blogging about my finances has forced me to think about them more than I otherwise would have, and the more I think about money, the more I refer back to things I’d learned from my folks. So, obviously I was wrong. They taught me a great deal about money – I just wasn’t aware of it at the time.
Today’s post is an example of that. On one very ordinary afternoon while hanging drywall with my dad, he casually said something that might be the most valuable money lesson I’ve ever learned.
[Read more…] about You Might As Well Get Paid Well For Your Hard Work