this post was submitted on 30 Oct 2023
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FIRE (Financial Independence Retire Early)

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Welcome!

FIRE is a lifestyle movement with the goal of gaining financial independence and retiring early.


Flow Charts:

Personal Income Spending Flow Chart (US)

Personal Income Spending Flow Chart (Canada)

Finance Flow Chart (UK)

Personal Income Spending Flow Chart (Australia)

Personal Finance Flow Chart (Ireland)


Useful Links:

Bogleheads Wiki

Mr. Money Moustache - a frugal lifestyle blog

The Earth Awaits


Related Communities:

/c/PersonalFinance@lemmy.ml

/c/PersonalFinance@lemmy.world

/c/PersonalFinanceCanada@lemmy.ca

/c/AusFinance@aussie.zone


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[–] runawaycorvid@lemmy.world 4 points 2 years ago (5 children)

I assume there is a decent overlap between Lemmy users and gamers. What are we all playing these days?

I usually have a PS5 multiplayer game going with my old college buddy. Currently it’s Overwatch 2 with some Rocket League sprinkled in.

On PC I am once again immersed in Rimworld. Love games that can be paused at any time! Also works on both my Windows PC and Linux laptop with no issues.

[–] OpticalMoose@discuss.tchncs.de 3 points 2 years ago

I know these are old and obscure choices, but my main games are Railroad Tycoon 3 and Planetary Annihilation: Titans. Occasionally, Civilization IV, Empire Earth, and the original Theme Park.

I guess I love any game where you can put in a lot of work in the beginning, then just coast the rest of the way to the finish line.

[–] ambitiousslab@lemmy.ml 3 points 2 years ago* (last edited 2 years ago)

I am addicted to OpenTTD at the moment! One of those games where I mean to play for 30 minutes, and then look up 5 hours later and realise what I've just done. Thankfully, it's fun enough that I don't even feel guilty about it!

[–] leastprivilege@lemmy.ml 3 points 2 years ago

Call me crazy but I've been playing league of legends for over 10 years and still enjoy it.

[–] FancyPantsFIRE@lemm.ee 2 points 2 years ago

Rimworld is a game I feel like I should really like, but I didn’t get into it on my first attempt and haven’t revisited.

I’ve got a baulders gate 3 game going and Zelda totk but haven’t finished either. I’m looking forward to Dungeons 4, which comes out in a week or two. I immensely enjoyed Dungeons 2 and 3.

[–] yenahmik@lemmy.world 2 points 2 years ago (1 children)

I'm not much of a gamer, but I did really enjoy Rimworld when I played it back in the day.

[–] runawaycorvid@lemmy.world 4 points 2 years ago (1 children)

I tell my wife that it’s essentially the Sims (which she loves) but with war crimes and cannibalism…

[–] yenahmik@lemmy.world 2 points 2 years ago

Lol, that's probably why I liked it. The Sims was the only game I really played for any length of time growing up!

[–] yote_zip@pawb.social 4 points 2 years ago (2 children)

I'm sure anyone who has found the FIRE community on Lemmy doesn't need any assistance with "buy index, don't sell it", so what are some other interesting topics?

Has anyone spread the good word of St. Jack Bogle and/or FIRE to friends/family? My work colleagues picked it up very easily (they make the same amount of money as I do), but a lot of my friends are in debt or make so little salary that they'd have to put all their discretionary income away to start investing. My parents have had a lifetime of bad financial decisions and they're close to being forced out of working by their age, so I've taken over their finances a bit but there's not much I can do with the aftermath.

I mostly feel bad for being in such a fortunate position that I'm making fistfuls of cash while my close friends can barely afford their rent. I'd like to help them but I don't know how because the only strategy that I use is not possible for them.

[–] yenahmik@lemmy.world 5 points 2 years ago

When I met my spouse, they were firmly entrenched in the idea that they would have to work forever, despite having a good job and having frugal habits. I was able to introduce them to the concept of retiring early, and got them to max out their tax advantaged accounts. They do tend to lean towards much more risky investments than I would, but at least they are mostly on the right path. Now they dream of retiring to a hobby of flipping stuff they find on Facebook.

I don't really share my investment philosophy with others though. With people who don't make as much, it could come across as bragging or rubbing their face in it. I'd rather just be a moral support for when they are struggling. If someone asks for advice, then I'm super open with what my philosophy is for my money.

[–] FancyPantsFIRE@lemm.ee 3 points 2 years ago

I’m not proselytizing FIRE, though I’ve helped family with some general retirement and financial advice. I tried and failed to get my brother to open a retirement account a decade ago when he started working. I think he just now opened one. I did manage to get him to open 529s for his kids by being relentlessly annoying and mentioning that I’d love to make some contributions.

Otherwise I mostly keep my mouth shut about money. I make more than most people I know and any advice I’d give would be out of touch at best.