Fat FIRE (Financial Independence Retire Early) is being able to live it up in retirement without having to sacrifice your spending. If you are Fat FIRE, you can easily survive without a job because your investment income more than covers your best life’s living expenses. You don’t need to work part-time or do anything to […]
What Is Fat FIRE? The Best Early Retirement Lifestyle Read More »
Barista FIRE (Financial Independence Retire Early) is being able to retire before the conventional age of 60+, but taking on a part-time job for supplemental income and potentially subsidized health insurance. Alternatively, Barista FIRE is retiring early but making your spouse work. A lot of men have started to claim they retired early. However, they
What Is Barista FIRE? A Hybrid Between Fat FIRE And Lean FIRE Read More »
In 2009, I established my first rule of FIRE: generate enough passive income to cover your basic living expenses. Once achieved, you attain financial independence and the freedom to pursue your desires. Since then, various permutations of FIRE have emerged, one of which is Coast FIRE. Coast FIRE involves front-loading your retirement savings and then
The Most Dangerous Early Retirement Strategy To Follow: Coast FIRE Read More »
I’ve been documenting my journey in Financial Independence Retire Early (FIRE) since July 2009. I’m not aware of any other blogger who commenced their FIRE journey earlier, is still currently retired or unemployed, and has maintained a consistent writing presence like I have on Financial Samurai. When I began sharing my FIRE experiences, I was
I’m Unwilling To Change The Rules Of FIRE To Win The Game Read More »
The desire to retire early and live a financially independent life has been around since the beginning of organized labor. Let’s see who started the FIRE movement and how it has evolved over time. In 1992, the book, Your Money Or Your Life, was published by Joseph R. Dominguez, Monique Tilford, and Vicki Robin that
Who Started The FIRE Movement? The History Of Financial Independence Read More »
If you were to rank the different types of FIRE, Slow FI is the lowest ranked type of financial independence retire early there is. Slow FIRE is more of a mental trick to help keep you motivated in saving and investing more without feeling too bad about your progress. If you’re Slow FI, you’re far
Slow FI: The Lowest Ranked Type Of Financial Independence FIRE Read More »
Early retirement / FIRE is becoming obsolete and that’s a good thing! No longer do you have to grind as hard and save as much to quit your job ASAP. Today, you can find many better ways to earn a living, no matter your education level or current occupation. As one of the pioneers of
Why Early Retirement / FIRE Is Becoming Obsolete Read More »
Lean FIRE (Financial Independence Retire Early) is being able to retire before the conventional age of 60+ with a very lean budget and simple lifestyle. For background, I helped kickstart the modern-day FIRE movement in 2009 when I started Financial Samurai. Lean FIRE means your investments can only cover your basic necessities like food, transportation
What Is Lean FIRE? The Minimalist’s Way To Retire Early Read More »
When I first started writing about FIRE (Financial Independence Retire Early) in 2009, my main goal was to first survive the Global Financial Crisis. If I did, then I would find some way to permanently change my life for good. Back then, the FIRE movement was a bear market phenomenon. Plenty of people were getting
FIRE Confessionals Part II: A Bull Market Phenomenon Read More »
The FIRE Movement might be a bunch of BS if you are a casual observer. There seems to be a lot of people who say they are FIRE, but then continue to make a bunch of money online, from books, from courses, and more. The doubters of the FIRE movement say FIRE bloggers have simply
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