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
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
Coast FIRE is becoming more popular as a Financial Independence strategy all the time. It is a very powerful concept. Our own approach to FIRE is based around Coast FI principles and has allowed us to claim our freedom back and semi-retire in 2020. We are now coasting to Financial Independence while enjoying more freedom … Read more
Financial Independence is an incredibly powerful tool. It allows us to create the time and freedom needed to pursue the things that we want out of life. However, there is a catch: If we don’t have a clear idea of what we really want, Financial Independence can take the place of our actual goals. It … Read more
There are many FIRE acronyms and “types” of Financial Independence these days. These often get made fun of in the FIRE Community. Sure, some of these have hilarious names. But let me tell you one thing: If you roll your eyes every time someone comes up with a new FIRE term, you are missing the point.
Finfluencers on Instagram, FIRE bloggers, Youtube channels about making money online, investing courses for millennials, podcasters who recommend share trading platforms, side hustle coaches, Fintok, the latest mentoring program by xzy personal finance guru, podcasters who recommend share trading platforms … The list of people in the personal finance and investing space who are not … Read more
We reached Flamingo FI six months ago and are now officially semi-retired. In this post, I’ll talk about our plan to get to FI in the next 10-15 years while working part-time and without saving and investing another cent for retirement. The Race to Flamingo FI Here is a quick recap of our plan (you … Read more
In part 1 of this post we discussed the four stages of Flamingo FI and how it allows you to quit the 9-5 in record time. By now you know how Flamingo FI works – you work and save hard for a few years and then you semi-retire. While you are busy enjoying the perks … Read more
Flamingo FI is a funky remix of the best parts of three different retirement lifestyles – Semi-Retirement, Early Retirement (FIRE) and Traditional Retirement. Soon after we started our journey towards Financial Independence, it became clear to us that we didn’t want to be chained to our desks until we hit our FIRE number. We had … Read more