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Variations on FIRE
- Fat FIRE: an individual with a more traditional lifestyle who saves more than the average retirement investor
- Lean FIRE: refers to stringent adherence to minimalist living and extreme savings, necessitating a far more restricted lifestyle.
- Barista FIRE: refers to followers who have quit their traditional 9-to-5 job but still employ some form of part-time work to cover current expenses that would otherwise erode their retirement fund
- Coast FIRE: also applies to followers with a part-time job, but these proponents do have enough saved to fund their retirement and current living expenses.
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How Financial Independence, Retire Early (FIRE) Started
Borne out of the 1992 best-selling book "Your Money or Your Life" by Vicki Robin and Joe Dominguez, FIRE came to embody a core premise of the book: juxtaposing expenses and time spent at work against hours of your life. Every expense is compared to the time spent at work in order to earn the ...
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Financial Independence, Retire Early (FIRE)
FIRE is a financial movement of extreme savings and investment that allows proponents to retire far earlier than traditional budgets and retirement plans would allow.
- By dedicating up to 70% of income to savings, followers of the FIRE ...
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