Are your finances on FIRE?
We’re talking about the popular movement to achieve financial independence and retire early. But if this seems out of reach, we’re here to tell you that there’s more than one way to make it happen.
One of the many flavors of fire might be right for you
We walk you through seven different definitions of FIRE, explaining what traditional Financial Independence, Retire Early looks like and why we don’t think that’s the only valid approach.
We discuss what it means to be a Financial Independence, Retire Entrepreneur or Investor and describe how you might leverage different kinds of FIRE to leave your 9-to-5 without losing healthcare benefits.
Hear all the 7 different flavors of FIRE:
Topics Covered
- Why we don’t subscribe to the idea that there’s one right way to do FIRE
- The 7 different flavors of Financial Independence, Retire Early
- How the traditional definition of FIRE involves living 100% off investment income
- What it means to be a Financial Independence, Retire Entrepreneur
- How Financial Independence, Retire Investors work to build their stock or real estate portfolios
- The strategies you can use to live on less and achieve Lean FIRE
- 3 examples of how an individual might make enough money to reach Fat FIRE
- How people in the Coast FIRE category leave high-pressure jobs for less stressful roles
- The healthcare benefits that come with working part-time in BaristaFIRE
Resources from this episode:
- CreditWise
- 5 Building Blocks of a Happy Gay Life
- The Happy, Healthy, Wealthy Gay Men’s Toolbox
- Debt Free Guys on Facebook
- Debt Free Guys on Twitter
- Queer Money Facebook Group
- Queer Money on Instagram
- Subscribe on iTunes
- Email [email protected]
Previous 3 Podcast Episodes
- 5 Things Effective LGBT Leaders Always Do
- How to Lower Student Loan Payments
- Geekstreamers are Gay Nomads!
We’re David and John Auten-Schneider, the Debt Free Guys (www.debtfreeguys.com) and hosts of the Queer Money® podcast. We help queer people (and allies) live fabulously not fabulously broke by helping them 1) pay off credit card debt, 2) become part- or full-time entrepreneurs and 3) save and invest for retirement.