What We Spend On FIRE
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Jul 2, 2025 Dive into the thrilling journey of the FIRE movement, where Michelle shares her quest to retire at 35, breaking away from traditional work norms. Discover how parenthood reshapes financial priorities and emotional investments, bringing joy alongside responsibility. Explore daily challenges of balancing a busy household while embracing financial literacy, and learn about unexpected expenses associated with health struggles. The conversation also uncovers the joys of prioritizing family experiences over past aspirations, blending personal growth with financial goals.
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FIRE Movement Overview
- FIRE is a philosophy focused on financial independence to avoid lifelong work just to survive.
- Variants like fat, lean, and coast FIRE adapt the approach to lifestyle preferences and timelines.
Be Intentional with Money
- Align your spending intentionally with your life goals to create financial independence.
- Saving and investing what you don't spend is key to reaching FIRE.
Use the 4% Rule for Retirement
- Use the 4% rule to estimate the retirement nest egg by multiplying your desired annual spending by 25.
- Withdraw 4% yearly from this amount to never run out of money.
