FIRE stands for "Financial Independence, Retire Early." It is a movement or lifestyle choice that aims to allow individuals to retire much earlier than the typical retirement age by saving and investing a significant portion of their income and living frugally. The goal of FIRE is to achieve financial independence, which is defined as having enough passive income or assets to cover one's living expenses without the need to work for pay.
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Happy New Year everyone! I hope you had a nice winter break. We went to visit families near Palm Springs and had a great time. It was so nice and ... Read more The post 2024 FIRE Wrap-Up! appeared fir...
If you're a FIRE parent, one of your biggest concerns might be raising a spoiled and entitled child who takes hard work and money for granted. If this happens, it may feel like a significant failure&m...
Ever wondered how you could achieve financial freedom without waiting until you’re 65? Or how you could work less now, but still retire comfortably later? That’s exactly the kind of balanc...
As the holiday rush fades, another shortened trading week could still spark outsized moves, with housing data poised to confirm ... Read more...
Welcome back to Physician on FIRE’s Monday Markets review! The upcoming Christmas week may seem quiet but don’t underestimate the ... Read more...
Wrap up 2024 with these essential tasks, tax tips, and investment insights from a seasoned FAANG FIRE pro. Get ready for 2025 with smarter, more strategic finances....
Doctors know all about job burnout. It’s the reason why so many pursue the FIRE movement to find early financial ... Read more...
As the Fed prepares to cut rates and investors brace for fresh retail data, a stubbornly resilient consumer number could ... Read more...
Financial literacy is a cornerstone of independence and success. As a father committed to the principles of Financial Independence, Retire Early (FIRE), I believe it’s never too early to start t...
The initial data for the 2024 FAANG FIRE audience survey is in. More time is needed for the full analysis, but this post includes all the initial high level data into the results....
There was overwhelming support for a broadly FIRE themed book club! We’ll cover a mix of classic staples like The Simple Path to Wealth by JL Collins and The Little Book of Common Sense Investin...
Welcome to the second part of the series where I am trying to identify how much is “enough” to retire early in San Francisco. Two years ago I had determined that my “Enough Number&rd...
Welcome back to Physician on FIRE’s weekly market updates! Next week’s U.S. inflation data could flip the switch on a ... Read more...
December 2, 2024 – Many of you have asked me to comment on a recent phenomenon in the FI/FIRE community: Small-Cap Value (SCV) Stocks. Oh, my! Just when I thought we were making progress in the ...
Hey everyone! Did you have a good month? November was an interesting month. We had the Presidential election in the U.S. and emotion ran high. I was disappointed with the ... Read more The post Novemb...
Welcome back to Physician on FIRE’s weekly market updates! In the weeks ahead, markets are brimming with opportunities as President-elect ... Read more...
Now that we know what FIRE is, let’s learn the benefits. In this episode of Retirement Answer Man, Kevin Sebesta joins me to discuss the benefits of FIRE. Afterward, Mark Ross comes aboard to no...
Two new ETFs, the FIRE Funds Wealth Builder ETF (FIRS) and FIRE Funds Income Target ETF (FIRI), cater to the growing FIRE movement....
Several years ago, I made a “killer” Black Friday score. I’d been eyeing a sleek set of headphones, and after ... Read more...
You’ve got a target number. When your investments add up to it, eureka! You’ve reached financial independence. Retiring early is ... Read more...
Hey everyone! Did you have a good month? October flew by for us. RB40Jr was busy with Ultimate Frisbee and Wushu almost every day. I started a ceramic class and ... Read more The post October 2024 FIR...
I discovered FIRE in October of 2012 when a google search led me to MMM: How do I retire early? I wasn’t expecting much. The search was a hail mary move during a difficult part of my life. But M...
Hey everyone! Did you have a good month? September was glorious in the Pacific Northwest. The weather turned cooler, RB40Jr started 8th grade, and life settled into a familiar rhythm ... Read more The...
For most people with above average incomes and the willingness to save and invest, becoming financially independent and having the ability to retire early (FIRE) is not only achievable, it is the inev...
FIRE involves making large sacrifices to achieve financial independence at a younger age....
The FIRE movement made the rounds in national news for a few years and still gets a head nod here and there. The early retirement (RE) part of FIRE always received more criticism because it’s th...
When I started blogging, I often lamented that I didn’t learn about FIRE when I was in my 20s. I could have saved more and retired from my engineering career ... Read more The post Young People ...
When I retired at 42 in 2021, I discovered the concept of Financial Independence Retire Early, also known as FIRE. Even though I had already reached financial freedom, understanding the mindset behind...
Hey everyone! Summer is over. Our son is back in school and the weather is turning cooler. It’s nice and quiet at home again. Ahhh… August was a tough month ... Read more The post August ...
Those who have FIREd like Keven Sebesta are choosing to rock life each day. In this final episode on the FIRE movement, we’ll explore what we can learn from them. Join Kevin and me to discover h...
Over these past few weeks, we have been discussing the FIRE movement with Kevin Sebesta, a coach in the RRC who achieved FIRE some time ago and has been rocking retirement ever since. This week Kevin ...
Have you heard of the FIRE movement? It’s become increasingly popular in the past few years. Even if you are technically too old to retire early, there is something we can all learn from FIRE se...
The reader cases in our inbox is piling up again, so without further ado, here’s the latest one that caught my eye. The subject was about a single dad working towards FIRE and ever since we beca...
We’ve all collectively been through a rough few years. After a brutal global pandemic and stock market crash, followed by years of inflation and the subsequent rise in interest rates, you can be...
Hey everyone! Thank you for all the well wishes. I’m recovering from the shingles outbreak on my face. The shingles got down to my left eyelid and I was worried ... Read more The post July 2024 ...
Do you like the idea of early retirement, but you don't want to have to save every penny? Do you seek financial independence, but you don't want to permanently leave the workforce? Then Coast FIRE mig...
After being retired for 10 years and preaching about FIRE, I’ve learned somethings about why certain people are more resistant to FIRE than others, but overall, it’s still a mystery. In fa...
We love doing reader cases on this blog, as that’s kind of our way of giving back to the FIRE community that has been so kind to us over the years. Most of the time, we don’t really have a...
After 12 years of FIRE (financial independence retire early), I went back to work. Unfortunately, I only lasted four months. Here's my story of what went wrong. I purposefully waited months to release...
Hi FIRECracker and Wanderer (and Little Matchstick), I could also title this, “I think I’m mathing my shit wrong.” I’ve never been a Mathlete and always like to use the excuse ...
There's a classic saying, “Youth is wasted on the young.” It's meant to convey that those who are young lack the perspective to appreciate all the advantages of youth and thus take it for ...
Hey Everyone! This FIRE update will be a short one because I’m on vacation in Japan. We are exhausted from walking around so much every day. Fortunately, I got us a room at the Dormy Inn. This h...
Today’s reader case really caught my eye because not only are they not six-figure STEM people, they love traveling as much as we do. Plus, they are able to do this FIRE thing on a combined $145k...
Hey everyone! Wow, it’s almost summer. The months are flying by quickly. That’s what happens when life is good. May was a busy month for me. I went to the gym, delivered some lunches, work...
With the New York Times article on Fat FIRE, I've been thinking a lot more about the repercussions of achieving financial independence and retiring early. One of those repercussions is that financial ...
Incorporating these FIRE practices into your daily living can enrich your life and put you on the path to rocking retirement (at any age!)....
On August 7, 2023, I received an email from Amy X. Wang, the assistant editor at the New York Times Magazine, inquiring about the modern-day FIRE movement and its Fat FIRE offshoot. Amy is a self-proc...
Meet the schemers and savers obsessed with ending their careers as early as possible....
Hey everyone! Wow, it’s May. The months are flying by so quickly. That’s what happens when life is good. April was a busy month for me. I went to the gym, delivered some lunches, worked on...
The Federal Trade Commission’s (FTC) recent decision on noncompete clauses could be the golden parachute you’ve been planning for. Imagine ... Read more...