Root of Good FIRE: Root of Good FIRE is a variation of Lean FIRE that emphasizes saving a high percentage of one’s income and investing in low-cost index funds.
Spend FI: Spend FI involves prioritizing spending on experiences and personal fulfillment, rather than saving a large percentage of one’s income.
Simple FIRE: Simple FIRE is a minimalist approach to FIRE that emphasizes living below one’s means and avoiding debt.
Freedom FIRE: Freedom FIRE involves taking a more relaxed approach to FIRE, allowing for more flexibility and spontaneous spending.
FIRE 2.0: FIRE 2.0 involves incorporating social and environmental impact into one’s FIRE journey, by investing in socially responsible companies and considering the environmental impact of personal choices.
Eco-FIRE: Eco-FIRE involves embracing a sustainable lifestyle, reducing one’s carbon footprint, and investing in environmentally responsible companies.
These are some of the different types of FIRE, and individuals can choose the approach that best suits their goals and lifestyle preferences.
In conclusion, Root of Good FIRE, Spend FI, Simple FIRE, Freedom FIRE, FIRE 2.0, and Eco-FIRE are different types of FIRE, each with its own unique approach to achieving financial independence and a comfortable retirement while considering additional factors such as sustainability and impact
