In the personal finance community we often talk about risks. The risk of running out of money in retirement; the risk of picking the wrong investment or getting the timing wrong; sequence of return risk; the risk of losing our job during the accumulation phase; leverage risk – you name it. The perceived level of … 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
Today I’ve got something special for you: An interview with Aussie Firebug! This is not another interview about savings rates, the best portfolio allocation or frugality – we talk about semi-retirement, lifestyle design, travel, entrepreneurship and how to make the most of the journey to Financial Independence. Who is Aussie Firebug?I don’t have to introduce … Read more
One major focus of this blog is to showcase alternative FIRE strategies that help you claim your time back sooner so you can live your best life. I firmly believe that we don’t have to (and most definitely shouldn’t) wait until we reach our “magic number” before we start enjoying the benefits of the FIRE … 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
If there is one skill you need in order to reach Financial Independence it is this one: delayed gratification. The FIRE community as a whole is very good at it. Maybe a little too good…
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