Financial Independence (FIRE)

Learn the strategies behind the FIRE movement and plan your path to financial freedom.

12 Lessons

5 Tools

6 Key Concepts

Key Concepts

FIRE

Financial Independence, Retire Early - a movement focused on aggressive saving and investing to retire decades early.

financial independence

Having enough investments to cover your expenses indefinitely without needing to work. The 'FI' in FIRE.

savings rate

The percentage of income you save. A 50% savings rate means saving $1 for every $1 spent. Key metric for FIRE.

passive income

Money earned without actively working for it: dividends, rental income, royalties. The goal of financial independence.

net worth

Everything you own (assets) minus everything you owe (liabilities). The single best measure of financial health.

retirement

The phase of life when you stop working for income. Requires having enough saved to cover expenses for potentially 30+ years.

Lessons

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Financial Independence: The FIRE Movement Explained

Wealth8 min

Compound Interest: How Money Grows Exponentially

Foundations4 min

Investing 101: Making Your Money Work for You

Foundations5 min

401(k) Basics: Don't Leave Free Money on the Table

Foundations5 min

Building Generational Wealth: Beyond Your Lifetime

Wealth7 min

IRA Basics: Your Personal Retirement Account

Foundations5 min

Index Funds: The Simple Path to Investing

Foundations5 min

ETFs Explained: The Modern Way to Invest

Building6 min

Asset Allocation: Balancing Risk and Reward

Building6 min

Roth vs. Traditional: Which Is Right for You?

Building7 min

Dividend Investing: Building Passive Income

Building6 min

The Backdoor Roth IRA: A High Earner's Secret

Wealth7 min

Related Tools

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FIRE Calculator

Wealth

Plan your path to financial independence

Savings Rate Calculator

Building

Calculate your path to financial freedom

Net Worth Tracker

Building

Track net worth over time with trends

Withdrawal Strategy

Wealth

Plan retirement account withdrawals

Net Worth Projection

Wealth

Project wealth growth over decades

Explore More Topics

All topics

Retirement Planning

Taxes

Credit & Debt

Budgeting & Saving