FIRE vs. LeanFIRE vs. FatFIRE: What Does It All Mean?

FIRE vs. LeanFIRE vs. FatFIRE: What Does It All Mean?

We’re not talking about a campfire exactly. Rather, FIRE is a movement to retire early with enough money to outlast your life expectancy. What is FIRE and how does it work? What are the differences between LeanFIRE vs. FatFIRE? And, how does one achieve FIRE status? Here’s a description of the FIRE movement and what…

7 Money Excuses That May Be Preventing You from Reaching Financial Independence

7 Money Excuses That May Be Preventing You from Reaching Financial Independence

Financial freedom is something that everyone wants. However, very few people are able to reach financial independence and retire early. Most of us are conditioned to believe that we have no choice except to work until we’re 65-70 years old. We have plenty of excuses for why financial independence is not possible or why it…

Average Retirement Incomes: Have You Saved Enough for Retirement?

Average Retirement Incomes: Have You Saved Enough for Retirement?

Do you have enough retirement income to last through your golden years? Understanding how your nest egg compares to the average retirement income can help you plan and save better, to ensure you’re comfortable, secure and happy after retirement. Average Retirement Income: Mean vs. Median, Other Factors Before comparing the average earnings of other retirees…

Living Off Dividends: How to Use Passive Income to Cover Your Expenses

Living Off Dividends: How to Use Passive Income to Cover Your Expenses

Being able to live off of our investments is a dream for many of us. No need to rely on working for income, and not even needing to withdraw money from your investments would be the ultimate in terms of financial freedom. Although it is a dream, it’s also a realistic possibility with the right…

7 Different Paths to Financial Independence

7 Different Paths to Financial Independence

Today, the financial independence, retire early (FIRE) movement is gaining popularity very quickly. Although a lot of people are working towards the same goal of financial freedom or financial independence (FI), there are several different paths you can take to get there. You don’t have to be a high-income earner in order to have a…