Playing With F.I.R.E. Retire Early - Personal finance for beginners

The F.I.R.E. movement has changed. I've been playing with Coast FIRE on my personal path to Financial Independence Retire Early journey.

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Welcome to the exciting world of F.I.R.E. (Financial Independence Retire Early) inspired by Vicki Robin! In this video, we’ll explore the "Shockingly simple math behind early retirement" and provide an introduction to the best apps, shows, and resources for fast, efficient self education on the topic.

I’ve listened to hundreds of hours of podcasts and followed the advice that resonated with me, and now, after 8 years of living abroad and 2 years since some aspects of FIRE started working for me, I’m here to share my results. We'll dive into key concepts like the Rule of 25, the 4% Rule (Trinity study), and how to double your investments every 9 years and grow tax-free. Learn about different FIRE strategies: Coast Fire, Fat Fire, Skinny Fire, and Barista Fire, and discover why FI is the preferred term for those who don't want to retire in the traditional sense.

Must watch film:

Playing with Fire

Topics covered:

How to manage money like an adult with a future and a dream.
The importance of reducing costs and saving progressively (10%, then 50%, then 75% of what you earn)

Investing wisely with apps like Vanguard, M1, Robinhood, and Lively.

My top recommended podcast to upskill fast:

Mad Fientist: Learn about travel hacking, Roth conversion ladders, and interviews with experts in the FIRE space.

Essential Apps:

Empower App: Tracks everything easily and for free.

Robo-advisor: Acorns: Good for beginners but now I want to move my money out and it's more difficult than others.
M1: Why I like it and why I’ll be using it more.
Robinhood: Why people hate it, why I love it, IRA transfer benefits, earning 5% on cash, and margin investing.
Vanguard: Suits, Bogle’s concept, and key funds like VTI, and VOO.
Lively HSA: A free HSA investment account.

Books & Blogs for a deeper dive:

Mister Money Mustache
JL Collins: The Simple Path to Wealth
Vicki Robin: Your Money or Your Life
Ramit Sethi: I Will Teach You to Be Rich + his Netflix show.

Advanced Strategies:

House Hacking + FI: Learn from Bigger Pockets Money.
Market Analysis and Business Insights: MeetKevin’s extreme dives.
Discover how to retire early in your 40s, even on a modest income, and embark on your financial freedom journey with the FIRE movement retirement plan. Embrace the fire investing method and fire financial method to achieve financial independence. Learn the fire method to retire early and transform your personal finance from beginner to a robust retire early lifestyle.

Take control of your life with FIRE movement finance strategies, personal development tips, and practical advice.