Coast FIRE is a type of FIRE where individuals aim to reach financial independence and retire early, but still work part-time to cover expenses and maintain a sense of purpose. The goal of Coast FIRE is to have a balance between retirement and work, allowing for a more relaxed and enjoyable lifestyle. The term “coast” refers to the idea of coasting along in retirement, not having to work full-time but still earning enough to cover expenses.
Coast FIRE is a hybrid approach, blending the benefits of traditional retirement with the financial freedom and flexibility of FIRE. It allows individuals to enjoy the benefits of financial independence, while still having the option to work and earn a regular income if desired.
In conclusion, Coast FIRE is a type of FIRE where individuals aim to reach financial independence and retire early, but still work part-time to maintain a sense of purpose and cover expenses. This approach allows for a balance between retirement and work, offering a more relaxed and enjoyable lifestyle.
*We are not financial advisors and only present our findings. Please do your own due diligence and what you feel you can make work in your own unique situation.