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Weekly Discussion: 2 October 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'm in a similar phase right now. We plan on moving in 3-4 years and I'm leaning towards turning our current home into a rental. We bought it at $300k and it's now worth $650k. We are now putting money into a regular brokerage to save for the next down payment. I don't think we'll have enough saved in time so we're leaning towards lowering our tax advantage contributions until then.