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Financial Independence (FIRE)

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Financial Independence (FIRE)

Learn the strategies behind the FIRE movement and plan your path to financial freedom.

12 lessons·5 tools·6 key concepts

Key concepts

FIREFinancial Independence, Retire Early - a movement focused on aggressive saving and investing to retire decades early.financial independenceHaving enough investments to cover your expenses indefinitely without needing to work. The 'FI' in FIRE.savings rateThe percentage of income you save. A 50% savings rate means saving $1 for every $1 spent. Key metric for FIRE.passive incomeMoney earned without actively working for it: dividends, rental income, royalties. The goal of financial independence.net worthEverything you own (assets) minus everything you owe (liabilities). The single best measure of financial health.retirementThe phase of life when you stop working for income. Requires having enough saved to cover expenses for potentially 30+ years.

Lessons

Financial Independence: The FIRE Movement ExplainedInvestingWealth8 min
Compound Interest: How Money Grows ExponentiallyMoney BasicsFoundations4 min
Investing 101: Making Your Money Work for YouInvestingFoundations5 min
401(k) Basics: Don't Leave Free Money on the TableInvestingFoundations5 min
Building Generational Wealth: Beyond Your LifetimeInvestingWealth7 min
IRA Basics: Your Personal Retirement AccountInvestingFoundations5 min
Index Funds: The Simple Path to InvestingInvestingFoundations5 min
ETFs Explained: The Modern Way to InvestInvestingBuilding6 min
Asset Allocation: Balancing Risk and RewardInvestingBuilding6 min
Roth vs. Traditional: Which Is Right for You?InvestingBuilding7 min
Dividend Investing: Building Passive IncomeInvestingBuilding6 min
The Backdoor Roth IRA: A High Earner's SecretInvestingWealth7 min

Related tools

FIRE CalculatorWealthPlan your path to financial independence
Savings Rate CalculatorBuildingCalculate your path to financial freedom
Net Worth TrackerBuildingTrack net worth over time with trends
Withdrawal StrategyWealthPlan retirement account withdrawals
Net Worth ProjectionWealthProject wealth growth over decades

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