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What FI/RE Is and Is Not

The truth of what FI/RE is and is not

Hear why financial independence is not one-size-fits-all and get our 6 key components of what FI/RE is AND is not on this Queer Money®. Start your journey to financial independence by getting rid of any credit card debt with the free, 7-Step Credit Card Debt Slasher.

Who gets to define what FI/RE is?

Some FI/RE folks are all about the rules. You can’t retire until you’ve saved 20 times your annual expenses. You must live and die by the 4% rule. And if you’re working in any way, shape, or form, you’re not truly FI/REd.

But if you ask us, FI/RE is a little more flexible than that. And if you have the freedom and autonomy to live and do what you want, when you want and where you want, that’s good enough for us.

On this episode of Queer Money®, we explore what FI/RE is and what it is not, explaining when the concept was introduced and how its creators evaluate expenses. We discuss why you don’t have to wait until age 65 to live the life you want, challenging you to get clear on what your goals are and then develop the fiscal discipline to live within your means.

Listen in for insight on investing ‘broadly and vigorously’ and learn how to design your own flavor of FI/RE, enjoying life today while you plan financially for tomorrow.

Listen in on the discussion about FI/RE:

Topics Covered

  • How Your Money or Your Life introduced the concept of FI/RE in 1992
  • The distaste for corporate life that’s fueling the FI/RE movement
  • Evaluating expenses based on the number of working hours it takes to pay for it
  • How we define FI/RE as the freedom to live and do what you want, when you want and where you want
  • 6 key components of what FI/RE is (and what it isn’t)
  • Why you don’t have to wait until age 65 to live the life you want
  • The power in getting clear on what your goals are and the WHY behind your goals
  • Developing fiscal discipline vs. living beyond your means
  • 5 ways to invest ‘broadly and vigorously’ to reach your FI/RE number
  • Why financial independence is not one-size-fits-all and how to design your own flavor of FI/RE
  • How to enjoy life today while you plan financially for tomorrow

 

 

Previous 3 Podcast Episodes

Resources

 

Connect with David and John

 

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.

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