this post was submitted on 17 Jul 2023
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FIRE (Financial Independence Retire Early)

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Welcome!

FIRE is a lifestyle movement with the goal of gaining financial independence and retiring early.


Flow Charts:

Personal Income Spending Flow Chart (US)

Personal Income Spending Flow Chart (Canada)

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Useful Links:

Bogleheads Wiki

Mr. Money Moustache - a frugal lifestyle blog

The Earth Awaits


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[–] [email protected] 5 points 1 year ago* (last edited 1 year ago) (1 children)

Calculating if it's better to pay off the mortgage or invest it, if I win the $1mil prize of the Powerball, even though I don't have a ticket. I may buy one since the jackpot has surpassed my $1billion limit.

No use fantasizing about winning that, though since I'd just take the annuity and make more money than I could ever spend every year for 30 years.

Edit: I bought a ticket tonight and did not get a single number even close. Ah well, back to the grind tomorrow.

[–] [email protected] 4 points 1 year ago (1 children)

I’ll admit I bought a ticket. I know people say it’s a tax on the stupid but my stupidity correlates with the size of the jackpot.

[–] [email protected] 6 points 1 year ago

The $2 I spend once a year or so when it reaches unfathomable numbers is worth it.