One piece of feedback from the recent Money Flamingo reader survey surprised me. Many of you commented that I don’t write enough about our signature “type” of Financial Independence – Flamingo FI. The reason why I don’t write about the math and mechanics behind Flamingo FI that often is that it is a really simple … Read more
Flexibility is an important factor in making our financial independence plans a success. Semi-Retirees are, by default, a flexible bunch. We are able to scale our active income up or down as needed because we are not fully retired. So far, it has been difficult to put numbers around the impact of flexibility and active … Read more
Today’s article is an interview with a fellow Aussie content creator – Leigh from Family Finance. Leigh has been on the path to financial independence for about five years. One of her main motivations for reaching FI was that she thought she hated her job as a teacher. However, she recently had some pretty big … Read more
One of the most common questions people ask me about mini-retirements and sabbaticals is how much to save. Financial planning is an important part of the mini-retirement preparation process. In this article, I’ll walk you through the three steps you should take to ensure your finances are ready for your time away from work. We’ll … Read more
Have you considered taking a mini-retirement? Whether you feel burnt out and need some time away from your full-time career, want to travel, start a business, or refocus and plan out your future – a mini-retirement or sabbatical might be an ideal break for you. Mr. Flamingo and I have taken several mini-retirements (some of … Read more
We can use principles from different Financial Independence approaches like Barista FI and Coast FI to create a custom-built FIRE strategy to suit your lifestyle and goals. One of my favourite combo strategies is what I call the “Barista-Coast approach” (a mouthful, I know). Let me explain. With Coast FI, we cover our living expenses … Read more
Financial Independence with a family comes with some unique challenges and competing goals. Spending more time as a family becomes a priority for most people after having kids. Many of us look for ways to work less and spend more time with our kids while they are young. In an ideal world, we would all … Read more
Barista FIRE is an alternative Financial Independence approach. While traditional FIRE is still the main goal for most members of the FIRE movement, alternative methods are becoming more popular. Barista FIRE is particularly popular in the US because of the health insurance benefits this approach offers. Barista FI consists of two phases – the accumulation … Read more
When Kylie from Frank On FIRE recently announced that reaching Flamingo FI was her big goal for 2022 I was really excited for her and her family. Kylie is a fellow Australian FIRE blogger and lives in the beautiful Adelaide Hills with her husband and two sons. Like many others in the community, Kylie didn’t … Read more
Semi-retirement (aka Semi-FIRE) is becoming more and more popular in the FI community. The semi-retired life offers the best of both worlds: time freedom and meaningful work. So it is no surprise that many people on the path to financial independence and early retirement (ourselves included!) opt for semi-retirement to claim their time back sooner. … Read more