Which Fire Strategy Is Best For You? (Lean To Fat Fire) | Bigger Pockets Podcast

Join Mindy Jensen and Scott Trench on this episode of the BiggerPockets Money Podcast as they dive into the different types of FIRE. Financial Independence, Retire Early isn't a one-size-fits-all approach - it's evolved into multiple distinct paths, each designed to meet different lifestyles, risk tolerances, and financial goals. This comprehensive exploration will help you understand which version of financial independence makes the most sense for your unique situation.

From traditional FIRE to coast, lean, barista, chubby, and fat FIRE, each approach offers its own timeline, savings requirements, and lifestyle implications. Whether you're drawn to the minimalist appeal of lean FIRE or you're more interested in fat FIRE's promise of maintaining a luxurious lifestyle in retirement, understanding these distinctions is crucial for mapping out your financial future. Scott and Mindy break down the math, mindset, and practical considerations behind each path, giving you the clarity to choose your FIRE strategy and start building a personalized roadmap to financial independence.

This Episode Covers:

The six main types of FIRE and what makes each one unique

Specific savings requirements and timelines for each FIRE path

Real-world pros and cons of traditional, coast, lean, barista, chubby, and fat FIRE

Which personality types tend to succeed with each strategy

How to match your lifestyle and goals to the right FIRE approach

The sacrifices and trade-offs involved in each path

Practical steps to get started on your chosen FIRE journey

And SO much more!

00:00 The 6 Types of FIRE 

01:12 Traditional FIRE

04:38 Coast FIRE

09:43 Barista FIRE

13:11 Lean FIRE

18:15 Chubby FIRE

22:07 Fat FIRE

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