FIRE - who to follow/read?

ConnorJM82

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I don't have any blogs at the moment I am following, after a few myself but I've just started on my FIRE journey. I think some people live extremely frugally and it puts people off. I've set my FI number at 500k, so I will be able to safely live off of 30k a year once retired.
 
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Sherliarty

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I don't have any blogs at the moment I am following, after a few myself but I've just started on my FIRE journey. I think some people live extremely frugally and it puts people off. I've set my FI number at 500k, so I will be able to safely live off of 30k a year once retired.

Good luck with this. I am following FI very loosely. I try to invest as much money as I can. I am probably not as frugal as I should be though.
 
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Jon

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Good luck with this. I am following FI very loosely. I try to invest as much money as I can. I am probably not as frugal as I should be though.

Is that how you feel or how FIRE makes you feel?
 

Sherliarty

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Is that how you feel or how FIRE makes you feel?

There are uber frugal folks on FIRE but the movement has two camps, those that believe you need to earn as much as you can and those who believe you need to be frugal and save as much as you can. Most people are in the middle. I know I can be more frugal but I don't want to be, for instance, I don't do camping! LOL. But I appreciate that being frugal is not a bad thing for your wallet and the environment so I do try to save money by not buying things I don't need and fixing things within reason. Generally, FIRE inspires me to what is possible and gives me ideas.
 
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ConnorJM82

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Good luck with this. I am following FI very loosely. I try to invest as much money as I can. I am probably not as frugal as I should be though.
Thanks! And good luck to you too! You don't really need to be frugal to FIRE, as long as you can invest money. Of course you don't need to be frugal at all. That would just require making more money to then invest that rather than your salary from your job/9-5
 
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Queen Jess

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I agree with @rninja that Monevator is pretty good and their series on making calculations on retirement etc here. Also Banker on Fire has a couple of interesting bits here.

IMO, FIRE is similar to lots of other crazes etc. online. The loose principles behind it I fully support - more planning, not getting into lots of unsustainable debt, putting enough money into pensions for later in life etc. However, like all these things, there are people who always take it to extremes and try to live in a car or whatever to save as much money as possible and miss out on life to then live miserably ever after on the amount of money they have saved.

In-between these two things is a happy medium! I wouldn't say I am following FIRE, but I do make sure I properly budget (whilst taking holidays and doing what I want to achieve in life generally) and have some money going to pensions etc in the most tax efficient way. I don't have any solid plans for the future, but at least having some pension savings is buying me options/flexibility later in life.
 

Sherliarty

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I agree with @rninja that Monevator is pretty good and their series on making calculations on retirement etc here. Also Banker on Fire has a couple of interesting bits here.

IMO, FIRE is similar to lots of other crazes etc. online. The loose principles behind it I fully support - more planning, not getting into lots of unsustainable debt, putting enough money into pensions for later in life etc. However, like all these things, there are people who always take it to extremes and try to live in a car or whatever to save as much money as possible and miss out on life to then live miserably ever after on the amount of money they have saved.

In-between these two things is a happy medium! I wouldn't say I am following FIRE, but I do make sure I properly budget (whilst taking holidays and doing what I want to achieve in life generally) and have some money going to pensions etc in the most tax efficient way. I don't have any solid plans for the future, but at least having some pension savings is buying me options/flexibility later in life.
I often think that those that follow it in an extreme fashion have one eye on writing a book or promoting something else! I no longer listen to the podcasts on a regular basis, I tune in once in a while though when I need a reminder or a bit of motivation. As others have mentioned, it is not a difficult concept but I guess that kinda shows how much marketing and materialism has become part of our lives that FIRE is considered revolutionary!!! I mean at its core, its basically save some money and don't spend what you don't have on crap.
 
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