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 […]
Wait…what there are still more ways to F.I.R.E. Read More »
Fat FIRE: Fat FIRE is a more luxurious version of FIRE, where individuals aim to save and invest enough to live comfortably and still have a significant amount of disposable income. Lean FIRE: Lean FIRE involves living a frugal lifestyle and reducing expenses to a minimum in order to achieve financial independence as soon as
So many ways to tackle F.I.R.E. Read More »
Minimalism: Minimalism involves living a simple, frugal lifestyle and reducing expenses to a minimum. This could mean living in a smaller home, reducing travel costs, and avoiding excessive spending on non-essentials. Side hustles: Having a side hustle or multiple streams of income can help boost savings and reach FIRE goals faster. This could involve starting
More on ways to achieve F.I.R.E. Read More »
Underestimating expenses: FIRE requires strict budgeting and savings, but many people fail to account for all their expenses and end up overspending. Poor investment decisions: Investing in high-risk, low-reward securities can lead to significant financial losses, making it difficult to achieve FIRE goals. Unexpected expenses: Emergencies or unexpected expenses such as medical bills or job
Reasons for failing to achieve F.I.R.E. Read More »
Geographic arbitrage is a strategy that involves leveraging differences in the cost of living and taxes in different geographic locations to optimize one’s financial situation. It’s a popular idea for those pursuing Financial Independence, Retire Early (FIRE) for its potential to increase savings and reduce expenses. Here are a few examples of how geographic arbitrage
Geographic arbitrage and F.I.R.E. Read More »
