FIRE stands for Financial Independence, Retire Early.
As many people don’t plan to retire when they reach FI, other names have been introduced:
- FIOR: Financial Independent, Optional Retirement (MadMoneyMonster)
- HOT: Happy, Opportunity-rich, Time-rich. (A Dutch invention)
FIRE / FIOR / HOT is reachable with a change in your mindset. If you earn more, spend less and invest the difference, you can build up a passive income.
If your passive income equals or exceeds your expenses, you can call yourself financially independent.
While diving into budgeting, I read about the 50/30/20 budgeting method a lot. If I start to use that method,
Being Financially independent means that you don’t have to worry about money and you can do whatever you like to
Mortgages, lots of people have them and the always ongoing discussion is to pay off or not to pay off.
Are you tired of stressing about money? Do you want to pay off debt, budget like a boss, and reach
Last December, I told my boss that I was going to quit, without having a new job to go to.
Are you having trouble to make ends meet? Are you struggling with debt? I will outline the steps you have