The Road Trip – What Almost Everyone Gets Wrong On the Journey to FI

Today I invite you to do a little thought experiment with me. It reveals what most people get wrong on the path to FI. It will also tell you a lot about your own journey to Financial Independence. I call this thought experiment “The Road Trip”. I used it as an exercise in a workshop … Read more

ProjectionLab Review – New Planning Software for Financial Independence

Today I’ve got something a little different for you: a review of a new financial planning software developed specifically for the FIRE community. ProjectionLab was promoted on several prominent FI blogs and podcasts over the last few weeks – and for a good reason: the software is beautiful and flexible. A lot of FIRE enthusiasts … Read more

Exposed: Our 2022 Family Spending With Two Kids in Sydney

Here is our 2022 spending report for our family of four. I know it’s already the end of March – but better late than never, right? I have to say that I was pleasantly surprised when I calculated our family’s total expenses for the year. We live in one of the nicest (and most expensive) … Read more

The Many Paths That Lead to FI – A Case Study – Part 2

This is part 2 of the case study with Michael from Ireland, who is exploring alternative pathways to get to FI. If you have not read part 1, I recommend you do so before you read part 2. Michael’s FI Lifestyle Goals Before we get into the numbers, I’ll share some more background from my … Read more

The Many Paths That Lead to FI – A Case Study

I’m excited to share the first FI case study in a very long time! This case study has two parts: an introductory guest post and a “numbers and options” part. Micheal, originally from New Zealand, is 38 and lives in Ireland with his family. He has been on the path to Financial Independence since 2018. … Read more

How to “Die With Zero” – The Math Behind the Mindset

The book “Die With Zero” by Bill Perkins is fast becoming a FIRE classic – for a good reason. Many in the community have adopted a Die With Zero mindset, which goes against many of the core pillars of the standard approach to Financial Independence like delayed gratification and frugality. Instead, Die With Zero is … Read more

Show Me the Money!

Want to know my numbers? This is the innocent little question I recently asked my subscribers. After all, I’ve run Money Flamingo (which is, at least in part, a financial independence/personal finance blog) for almost five years now without revealing our net worth or FIRE number. Instead, we use multiples of our expected future expenses … Read more

What Does F.I.R.E. Really Stand For?

F.I.R.E. stands for Financial Independence, Retire Early – or does it? Sure, the basic premise behind the FIRE movement is pretty simple: Spend less than you earn (or earn more than you spend) and invest the difference. Eventually, you’ll reach Financial Independence, which will enable you to Retire Early. However – and I’ve written about … Read more

Semi-Retirement Update – Q4/2022 – Coasting to FI

Welcome to our latest Semi-FI update, where we share the ups and downs of our Coast FI journey from Flamingo FI to full Financial Independence and beyond. If you are new to the blog and not familiar with our plan, you can find an overview here. Life Update We had a great break over the … Read more

Yearly Review and Goal Setting: 5 Questions to Help You Create Your Ideal Life

In this article, I’ll share five simple questions and some ideas to help you to move towards your ideal life (and not just towards your financial goals). Most Financial Independence enthusiasts have an annual review and goal-setting routine. We check how our investments performed over the last year, calculate our savings rate, review our spending … Read more