this post was submitted on 01 Jul 2024
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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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[–] leastprivilege@lemmy.ml 3 points 4 months ago (1 children)

I'm young in my fire journey but making really good progress. One thing I'm stuck on is the living situation. I can't decided of I should buy something or just be a renter for life. I would like to travel quite a bit during retirement so I don't know if it would make sense to own something. On the other hand it would be nice to have a home base. How did you guys approach this problem?

[–] Fox@pawb.social 4 points 4 months ago (1 children)

Housing is overvalued compared to renting in most places and is on a modest decline. It's hard to predict where it'll go, but a wait and see approach is probably best depending on your local market.

[–] leastprivilege@lemmy.ml 3 points 4 months ago

Thanks for the insight. That's where I'm at now. I'm building that down payment fund but not as fast as I could be if I committed to buying something in the near future.

[–] viking@infosec.pub 3 points 4 months ago

Got my residence permit for Malaysia. Capital gains freedom, here I come!