this post was submitted on 25 Jul 2023
1 points (100.0% liked)

FIRE (Financial Independence Retire Early)

1132 readers
1 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 2 years ago
MODERATORS
G59@lemmy.ml
yenahmik@lemmy.world
sevan@lemmy.world
bloodsangre7@lemmy.world
sugar_in_your_tea@sh.itjust.works
andocas@lemmy.world
1
What FIRE stage are you in? (sh.itjust.works)
submitted 2 years ago by Sniffy@sh.itjust.works to c/fire@lemmy.ml
1 comments fedilink hide all child comments
 

Hi all, I see lots of subscribers in this community. What stage of FIRE are you guys in? curious about the demographic in here.

  • Neither FI nor RE
  • FI but not RE
  • FIRE'd
  • ?

I am in the first category, working towards FI for seven years now and recently reached 100K NW. Unfortunately I live in very HCOL area so I still have long ways to go 🥲

top 1 comments
sorted by: hot top controversial new old
[–] incogtino@lemmy.zip 1 points 2 years ago* (last edited 2 years ago)

You missed Coast/Barista in your hierarchy

Financial position Not retired Semi-retired Retired
Pre FIRE x - -
Coast x x -
Barista x x -
FI x x x

The difference between Coast and Barista is whether your non-investment income fully covers expenses. To Barista FIRE you must have a bit more invested to support some level of draw-down