The FIRE Movement – Financial Independence, Retire w/ Entrepreneurship
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Episode Brief Description
The FIRE Movement is focused on Financial Independence and Retiring Early. We discuss this movement and add our perspective on how entrepreneurship fits into it
Are you looking to create your ideal lifestyle? Then we invite you to become a #lifestylebuilder.
Key Insights & Timestamps
- [00:30] – Welcome
- [03:25] – What is FIRE?
- Financial
- Independence
- Retire
- Early
- [05:28] – Why millennials are gravitating towards this movement
- [09:12] – FIRE movement and retirement – understanding your current financial situation
- [10:03] – Lean FIRE
- Extreme saving, minimalism
- [12:04] – Using the FIRE movement to travel as a digital nomad
- [13:03] – Barista FIRE – working part time for benefits
- [13:55] – Fat FIRE
- Reduce expenses by 50% (Most common method)
- [15:38] – Discovering what you really want out of life through the FIRE mindset
- [21:28] – Retire with Entrepreneurship – for those who really DO want to keep working
- [24:03] – Surviving to Thriving
- [30:05] – Action Items
- [31:26] – Toms Bookshelf
Action Items
Ariana’s Homework
- Post in the comments what financial independence means to you? What does it allow you to do?
Tom’s Homework
- Find your “freedom number”
Tom’s Bookshelf
The Millionaire Next Door
The Simple Path to Wealth: Your Road Map to Financial Independence and a Rich, Free Life
Where our Lifestyle Builders book will be located when it is released in 2019. Join the waitlist to get early access and other bonuses.
Key Insights
- What is the FIRE movement and how can you become a part of it?
- Learn how to create the life you want by living lean
- Small changes now can lead to an amazing retirement later
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