Today, we explore the concept of FIRE, a community of individuals dedicated to the principles of achieving financial independence and early retirement.
Jesse plays devil’s advocate against FIRE, dives into the nuance of the 4% rule (a widely misunderstood concept in the FIRE community), and demonstrates how to shape financial independence to work for your personal goals.
Then, Brad Barrett, the host of the popular personal finance podcast Choose FI, joins Jesse to cover the objective numbers when it comes to achieving financial independence before traditional retirement and why pursuing financial independence may be worthwhile even if you don't reach full FIRE.
Mentions:
Wade Pfau’s Updated Trinity Study: link
The Origin of the 4% Rule: link
Mr Money Mustache’s Shockingly Simple Math: link
FIRE Starter: A Brief Intro to Personal Finance’s Hot New Acronym: link
You’re Probably Using the 4% Rule All Wrong: link
How to Retire Decades Early: link
More of The Best Interest:
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The Best Interest Podcast is a personal podcast meant for educational and entertainment. It should not be taken as financial advice, and is not prescriptive of your financial situation.