FIRE Lifestyle

The goal of the FIRE movement is to save and invest aggressively when you are in your 20's and early 30's so that you can retire before the typicaly retirement age of 55- 65 years old. With the FIRE movement, you may not have a goal to retire and do nothing, typically the goal is to be Financially Independent so that you can do whatever you want!

In order for FIRE to work, most people cut their expenses dramatically. When our kids were young, they hated that we refused to get cable tv. But for us, a year's worth of cable tv was the same cost as going on a cruise! We would tell ourselves that we would really prefer to take a cruise than watch tv!

For the FIRE movement, the typical investing and savings goal is to develop a financial portfolio where you can withdraw and live off of 4% of your portfolio's value. Another goal might be to develop enough passive income to replace the income from a regular job.

As you peruse the other potential remote work jobs on this website, you will see that there are many was that you can generate a passive income stream.