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Weekly Discussion: 17 July 2023
(lemmy.world)
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)
Personal Income Spending Flow Chart (Australia)
Personal Finance Flow Chart (Ireland)
Useful Links:
Mr. Money Moustache - a frugal lifestyle blog
Related Communities:
/c/PersonalFinance@lemmy.world
/c/PersonalFinanceCanada@lemmy.ca
I’ll guess I’ll kick off this week’s discussion thread with some questions. Where does everyone see themselves on the FI spectrum from lean to fat? Assuming you’re focused on early retirement, what are you optimizing for in retirement?
I’m in the chubby camp. I want to have a big enough pile to have options. In some of the other communities I’ve been in I’ve heard it phrased as having enough money to do almost anything, but not everything and that resonates with me.
My main goal is to have enough money that we can do some fun stuff, help out the kids if needed, and just not need to worry or think too much about money otherwise.