A Beginner's Guide to FIRE (Financial Independence Retire Early)

FIRE, or financial independence retire early, is a movement that believes the best thing money can buy is financial freedom. In this video we walk through everything you need to understand FIRE, how it works, and how you can begin your journey to financial independence.

0:00 What is the FIRE movement
1:29 FIRE myths
6:10 Origin of the FIRE movement
7:40 How to calculate financial independence
8:51 Does the 4% Rule apply to FIRE?
12:05 FIRE focuses on expenses, not income
14:23 FIRE math
17:04 Fire Calculator
20:33 The power of small changes
20:35 Types of FIRE & FIRE resources

Resources mentioned in this video:
✅ 4% Rule Series:    • The 4% Rule Explained [Video #1]  
✅ Origin of FIRE: https://www.mrmoneymustache.com/2012/...
✅ FIRE Grid: https://fourpillarfreedom.com/the-fin...
✅ FIRE Calculator: https://networthify.com/calculator/ea...
✅ FIRECalc: https://firecalc.com/
✅ FIRE subreddit:   / fire  
✅ LeanFIRE:   / leanfire  
✅ FatFIRE:   / fatfire  
✅ CoastFIRE:   / coastfire  

TOOLS & BOOKS I LOVE

✅ My Book (of course): https://amzn.to/3by10EE
✅ Personal Capital: https://go.robberger.com/empower/yt-

ABOUT ME

While still working as a trial attorney in the securities field, I started writing about personal finance and investing In 2007. In 2013 I started the Doughroller Money Podcast, which has been downloaded millions of times. Today I'm the Deputy Editor of Forbes Advisor, managing a growing team of editors and writers that produce content to help readers make the most of their money.

I'm also the author of Retire Before Mom and Dad--The Simple Numbers Behind a Lifetime of Financial Freedom (https://amzn.to/3by10EE)

LET'S CONNECT

Youtube:    / @rob_berger  

Facebook:   / financialfreedomguy  

Twitter:   / robert_a_berger  

DISCLAIMER: I am not a financial adviser. These videos are for educational purposes only. Investing of any kind involves risk. Your investment and other financial decisions are solely your responsibility. It is imperative that you conduct your own research and seek professional advice as necessary. I am merely sharing my opinions.

AFFILIATE DISCLOSURE: Some of the links on this channel are affiliate links, meaning at no cost to you I earn a commission if you click through and make a purchase and/or subscribe. However, I only recommend products or services that (1) I believe in and (2) would recommend to my own mom.