The concept of FIRE isn’t one-size-fits-all, so we dive into the various types of FIRE that have been popularized. The ability to name your type of FIRE can help you find the right community and ongoing motivation for your financial goals. We share the math of the ultra-frugal Lean FIRE to the luxurious Fat FIRE and all the flavors in between. Aligning your financial goals with a lifestyle that resonates with you can make the path to financial independence more attainable and enjoyable.
Andrew join this week’s podcast as we talk about:
– The importance of specificity and community in achieving financial goals
– Detailed explanations and calculations for FIRE, Lean FIRE, Chubby FIRE, and Fat FIRE
– The unique strategies and benefits of Barista FIRE and Coast FIRE
– The importance of enjoying the journey with concepts like Slow FIRE
– Other niche versions like Geoarbitrage FIRE, Solo FIRE, Flex FIRE, House Hacking FIRE, and Fear FIRE
– Resources and communities associated with each FIRE type
– The flexibility of FIRE and how it can evolve with your life
Show References:
- Inside Out Money episode #022 – How much do you need to retire? Flaws in the 4% rule
- The FIoneers
- Coast FI Couple Podcast
- https://marriagekidsandmoney.com/calculators/coast-fire/
- https://thefioneers.com/coast-financial-independence-calculator/
- https://coastficouple.com/
- Mr. Money Mustache
- A purple life
- Frugalwoods
- Inside Out Money episode #024 – The surprising truth of early retirement – 500 days early retired
- Inside Out Money episode #005 – Reflections on one year of early retirement
- https://www.reddit.com/r/fatFIRE/
- https://www.reddit.com/r/leanfire/
- https://www.reddit.com/r/coastFIRE/