FIRE Basics Archives

Gross vs. Net Income for Budgeting: How FIRE Aspirants Should Use Net Income for Financial Planning

When it comes to managing your finances, especially if you’re on the path to Financial Independence and Retire Early (FIRE), understanding the difference between gross income and net income is…

Dorian Regester March 1, 2025

FIRE Basics

Before Embarking on Your FIRE Journey: How to Evaluate Goals and Build a Support System

The pursuit of Financial Independence and Retiring Early (FIRE) is more than a financial strategy—it’s a lifestyle transformation. Before diving into the numbers, investment plans, or savings strategies, the foundation…

Dorian Regester February 25, 2025

FIRE Basics

10 Essential Stages on Your Path to Financial Independence

Introduction Embarking on the Financial Independence and Retiring Early (FIRE) journey requires a clear target and a structured plan. Your FIRE number represents the wealth you need to achieve financial…

Dorian Regester November 11, 2024

FIRE Basics

7 Steps to Achieve FIRE

The dream of achieving Financial Independence, Retire Early (FIRE) is captivating people worldwide. FIRE offers the freedom to step away from traditional work and pursue passions, hobbies, or even travel…

Dorian Regester October 28, 2024

FIRE Basics

Exploring the Limitations of the FIRE Movement: Key Considerations for Financial Independence

Introduction The concept of achieving financial independence and retiring early (FIRE) is enticing for many. The idea of leaving the workforce in your 30s or 40s to live off your…

Dorian Regester September 17, 2024

FIRE Basics

Introduction to Financially Independence Retire Early (FIRE)

The FIRE (Financial Independence, Retire Early) movement has become a transformative trend, inspiring people to challenge the traditional work-until-65 mindset. At its core, FIRE advocates aggressive saving, disciplined investing, and…

Dorian Regester September 13, 2024

FIRE Basics

FIRE for Different Life Stages: Single, Married, or with Kids – How to Plan Your Financial Independence Journey

Introduction The journey to financial independence and early retirement (FIRE) is unique for everyone, depending on their life circumstances. Whether you’re single, married, or a parent with children, your FIRE…

Dorian Regester September 12, 2024

FIRE Basics

Am I Ready for FIRE? Discover If Financial Independence and Retiring Early is Right for You

Introduction The concept of FIRE (Financial Independence, Retire Early) has grown into a transformative lifestyle movement, empowering individuals to take control of their finances and free themselves from traditional 9-to-5…

Dorian Regester September 11, 2024

FIRE Basics

The Connection Between FIRE and Financial Freedom: How to Unlock a Life of Choice and Independence

Introduction Financial Independence and Retiring Early (FIRE) isn’t just about leaving the workforce; it’s about reclaiming your time and creating a life that aligns with your values. At the heart…

Dorian Regester September 10, 2024