The article that first introduced me to the concept of FIRE... MMM: The Shockingly Simple Math Behind Early Retirement
submitted 5 months ago by Starlight_Fire from (mrmoneymustache.com)
[–]slabgreen 1 insightful - 1 fun1 insightful - 0 fun2 insightful - 0 fun2 insightful - 1 fun - 4 months ago (0 children)
I thought this sub was going to be about actual fire.
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~1 user here now
This sidebar is a work in progress.
Financial independence is having enough money in passive income to not have to work if you don't want to, often times with the goal of retiring early, which is retirement before traditional retirement ages.
The basic core of FIRE: spend less than you earn, earn more if you can, and invest in long-term sustainable ways (most would opt for passive low-fee index funds).
Some useful FIRE links:
Mister Money Mustache: Zero to Hero
Mister Money Mustache: Shockingly Simple Math of RE
Mad FIentist: Optimize your Journey
Mad FIentist: Safe Withdrawal Rate
Will be adding more here soon :)