But it’s essential to know where my money is going as I head ever closer to retirement. I need to know precisely how much money I need before I give up work. The 4% Rule will only take me so far… Share this: Twitter Facebook WhatsApp Reddit Pinterest LinkedIn Loading... BOOKing...
Early retirement generally refers to becoming financially independent before becoming eligible for Social Security. The FIRE movement, which stands for "financial independence, retire early," is based on the goal that you can save and invest aggressively to speed up the time it takes you to retire...
Not my picture of retirement. When I think about retirement I think aboutworking on my projectswith no externally imposed schedule that I do not approve. Plus, no profitability requirement. I want to work on meaningful projects without the need to generate any extra money, because I would alre...
The R and the E in FIRE stand for Early Retirement. This is where the problems with the FIRE movement can arise. Lots of people define early retirement as never having to work again. Which can sound great if you’re 70 but what if you’re 35? You want to retire early but do you ...
Initially, I did plan on more of a traditional retirement – hell, I even called it out when I named my blog “Route toRetire.” I had the dream of just sitting on the beach all day sipping piña coladas. But then I realized that would get old really fast. I always find ways to...
You can be FI and continue working at a fulltime job (as I plan to do). Or you can be taking a mini-retirement, like Scott from I Dream of Fire is doing. Lean Fire –FIRE, but with a smaller amount saved up. Think of it as FIRE on a budget. The leanfire Reddit community ...
I feel quite bad now in hindsight about that, and found myself trying to be extra frugal in a futile attempt to make some of that back in retirement, which I know is unrealistic! I am in awe of some of the people who post comments underneath your blog posts, who are so switched on...
A few months ago, there was a Reddit post in which a 30-year-old discovered his parents (and in-laws) had accumulated retirement nest eggs in the tens of millions. And he wasfurious. Pretty upset right? But it begs the question,how much should parents be helping their kids?
I was so impressed by his response to a Reddit thread that I couldn’t help but reach out to him and asked for an interview. It was a surprise that he told me that he reads this blog.Without further ado, let’s get the interview started!
While the NYT's FIRE advocates are at the affluent end of the income spectrum, and therefore perhaps not under all of the pressures mentioned above, it is not unreasonable to suggest the users of the popular FIREReddit forummay not be quite as lucky. ...