(FIRE) The Financial Independence Retire Early movement.

Have any of you heard about the financial independence movement?

I came across some blogs who write about becoming financially independent so they can retire early. They call their movement F.I.R.E.

It is not just a movement, there is a whole blogging community that write articles on F.I.R.E. related topics.

There are a lot of these bloggers who have retired early by investing in the stock market and some investing in real estate and the bloggers earn commissions with affiliate marketing on their blogs.

I am glad to learn that a lot of people think like I do and think building a life time passive or residual income is better then working their whole life away at a job.

One component of F.I.R.E. is living on a budget and saving money instead of wasting money on things you don’t really need. Some people call this being frugal or minimalist.

Another part of this movement is investing as much of their earned income into the stock market as possible. Some of the bloggers say they put over half of their earned income into the stock market for years so they build up a very large portfolio. Some of these bloggers report that they have over a half million dollars in their stock portfolio’s.

If you want to check out some of their blogs just use Google or any search engine and type in this question. ( What is the FIRE movement? ) You should get enough results to find out everything you want to know about what the FIRE movement is and lots of websites and blogs to visit.

I don’t have enough time or money to invest in the stock market to retire early so that is why I teach residual income here at my blog. All you need to retire early with residual income is enough monthly income to pay all your bills and to provide you with the lifestyle you desire.

What our your personal financial goals?

Is financial independence and retiring early something that interest you?

What sounds better to you, lifetime residual income or investing in the stock market until you have a large enough portfolio to retire early?

Have a super wonderful day.

Mark, the Residual Income Teacher

5 thoughts on “(FIRE) The Financial Independence Retire Early movement.

  1. I’m hugely into Barefoot Investor – (aussie financial guru). I swear to God, and I’m not lying, I read his book during a financially dire time for me last year, and within 3 weeks had COMPLETELY turned my finances around. I went from being in the negative and unable to afford to eat – to a nice sum in my savings, a stable financial plan for the future – and a better mortgage. It wasn’t easy though, I really had to commit during that 3 weeks and it was really stressful. I was busy every day cancelling subscriptions and CCs, organising bank appointments, refinancing loans, cancelling CCs, applying for new loans, creating new bank accounts, selling furniture to get my ‘Mojo’ money sorted etc… absolutely worth it though šŸ™‚

    Liked by 1 person

    1. That’s cool, I never heard of that book but I am a big fan of Robert Kiyosaki who has been writing about personal finance since 1997. I live very frugal and save money. I been studying dividend stocks and am now going to start investing for dividends.

      Like

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