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Thread: Anyone on FIRE path?

  1. #1
    Addict GraniteCrystal's Avatar
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    Anyone on FIRE path?

    Financial
    Independence
    Retire
    Early

    F.I.R.E

    Anyone here on track to achieve FIRE? Wife and I are working towards it. Next big step for us is paying our house off asap, then working on the nest egg to get 25x our yearly expenses.

    If not familiar, do some googling. Lots of stuff being written on it right now.
    Last edited by GraniteCrystal; 02-05-2018 at 05:20 PM.

  2. #2
    Old Timer Jackal01's Avatar
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    Quote Originally Posted by GraniteCrystal View Post
    Financial
    Independence
    Retire
    Early

    F.I.R.E

    Anyone here on track to achieve FIRE? Wife and I are working towards it. Next big step for us is paying our house off asap, then working on the nest egg to get 25x our yearly expenses.

    If not familiar, do some googling. Lots of stuff being written on it right now.
    I think I recall Strizzychris posting up years ago about stopping jeep mods to accelerate retirement? Something with real estate perhaps? I didn't know him so I don't know the details but I assume it was a similar end game.

    Although we are building a house right now but it is actually cheap enough to make biweekly payments and not hurt us. The county has drastically lower taxes than our current county. Hopefully shave off about 10 years or more. Only utility is power. My jeep is paid off in 11 months. The misses getting a promotion in the spring it looks like. We are paying down credit cards now, hopefully done in the summer. With all that our plan is put away a lot of money and metals, and pay off the house as quickly as possible. Plus we both have state pensions so we have a solid foundation to build on. We don't have a "set plan" per se but we have always known how to manage our money well so we are just continuing that with the new place on top of the extra income and saved money will just sweeten the deal.

  3. #3
    Old Timer fiend's Avatar
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    Unfortunately i am too old to join a FIRE department and step into that great tax-payer funded pension plan. Just have to keep saving on my own, I guess.

  4. #4
    Addict GraniteCrystal's Avatar
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    Quote Originally Posted by Jackal01 View Post
    I think I recall Strizzychris posting up years ago about stopping jeep mods to accelerate retirement? Something with real estate perhaps? I didn't know him so I don't know the details but I assume it was a similar end game.

    Although we are building a house right now but it is actually cheap enough to make biweekly payments and not hurt us. The county has drastically lower taxes than our current county. Hopefully shave off about 10 years or more. Only utility is power. My jeep is paid off in 11 months. The misses getting a promotion in the spring it looks like. We are paying down credit cards now, hopefully done in the summer. With all that our plan is put away a lot of money and metals, and pay off the house as quickly as possible. Plus we both have state pensions so we have a solid foundation to build on. We don't have a "set plan" per se but we have always known how to manage our money well so we are just continuing that with the new place on top of the extra income and saved money will just sweeten the deal.
    This guy writes some good stuff

    http://www.mrmoneymustache.com/2013/...one-blog-post/

  5. #5
    Addict Ddays's Avatar
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    Does buying Powerball tickets count as a strategy?
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  6. #6
    Meme King WJCO's Avatar
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    I briefly looked through some of this FIRE stuff online and it all looks like basic common sense stuff that a lot of people already do. Seems like basic financially responsibility. Didn't realize there was actually a name or venue to it called FIRE.

    Summary: If you spend more than you make, you're gonna have a bad time (unless you're the Federal Government, somehow they found prosperity through an improper business model )
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  7. #7
    Addict BaddestCross's Avatar
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    Quote Originally Posted by WJCO View Post
    I briefly looked through some of this FIRE stuff online and it all looks like basic common sense stuff that a lot of people already do. Seems like basic financially responsibility. Didn't realize there was actually a name or venue to it called FIRE.

    Summary: If you spend more than you make, you're gonna have a bad time (unless you're the Federal Government, somehow they found prosperity through an improper business model )
    Well, it does make things easier when you can print more money and/or confiscate it from others at will when you're running short on funds.

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  8. #8
    Living the WAYALIFE JAGS's Avatar
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    Quote Originally Posted by fiend View Post
    Unfortunately i am too old to join a FIRE department and step into that great tax-payer funded pension plan. Just have to keep saving on my own, I guess.
    Uh, are you actually criticizing pensions for first responders? Nice.
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  9. #9
    Old Timer DWiggles's Avatar
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    Quote Originally Posted by BaddestCross View Post
    Well, it does make things easier when you can print more money and/or confiscate it from others at will when you're running short on funds.

    --
    Build Thread - Adventures of Fiona - https://wayalife.com/showthread.php?t=47407
    They can't. "The federal Reserve" issues the "bills" to the Government... WE (US Citizens) are the collateral they loan against; and GUESS who gets to pay those "BILLS"... Yup. You and Me.

    Go Ahead, try to not pay your taxes... see how easily they will let you NOT pay their debts.

    #but who would build the roads
    #1913
    Last edited by DWiggles; 02-05-2018 at 07:51 PM.

  10. #10
    Living the WAYALIFE JAGS's Avatar
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    Quote Originally Posted by WJCO View Post
    I briefly looked through some of this FIRE stuff online and it all looks like basic common sense stuff that a lot of people already do. Seems like basic financially responsibility. Didn't realize there was actually a name or venue to it called FIRE.

    Summary: If you spend more than you make, you're gonna have a bad time (unless you're the Federal Government, somehow they found prosperity through an improper business model )
    Somebody has to make money off of it. Lol. I try to follow most of the principles. Always mean to read more into the actual FIRE plan though. See how far off I am.

    More people don't than do have common sense, especially when it comes to finance. Some of it is environmental, some just stupidity, and some greed.
    I think I may consider lifting my Jeep. Or not.
    The Evolution of ENVY

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