Financial Independence Archives

I Reached My FIRE Target 🔥

It happened. Based on the 4% rule, I can freely spend money to satisfy my needs and then some, without having to work a day in my life ever again. And that’s without relying on word-games where “not working” equals “I love my job“. I can literally opt for an idle existence of doing absolutely nothing …

THE 3 Principles of Building Wealth

“These are the habits that brought us to where we are.” – my girlfriend once told me while filling a bottle of water so we don’t have to buy any in an amusement park. I couldn’t agree more. Although our principles of building wealth are not exclusively based on saving, any financial endeavor requires starting …

Exposing Censorship at r/EuropeFIRE

On 06.02.2021, I was censored on the r/EuropeFIRE subreddit. The TLDR version: I started a thread to address some of the users’ questions and misconceptions regarding an asset class that seemed boycotted on the sub. Within a few minutes, my post was removed. The details are below. The Full Story It all started while I …

How to Do What You Love

How to do what you love? After years of contemplating this question, I’m confident to say that I figured it out. And the best part is that I can answer it in a single sentence. However, in order to relate to such an information dense summary without misunderstanding it, we need to cover some ground …

100 Reasons You Need Financial Independence

“Do I need Financial Independence?” You asked and came to the right place. Although nobody can answer a lifestyle question for a third party, I firmly believe that reading the 100 facts below will help you make your own mind up. But beware, it starts light but gets crueler as you read on. You need to …

Things I’ve Learned This Year (2020 Recap)

I didn’t learn anything new. But there are a handful of things I confirmed. 1. I’m not sacrificing anything for FIRE Many unprepared people were hit hard by the cruel reality of a global recession. Some of them suffered and didn’t adapt, but many accepted this “new way of life” and saw the beauty of a …

FIRE – More Than Just a Number

For most people, reaching financial independence means surpassing a certain threshold in terms of net-worth. Although this makes sense for many cases, for me, reaching FIRE is more than just a number. Let me explain. Last year, I wrote a post describing why I think FIRE Updates Don’t Make Sense. And I still think they …

How to Get Rich? (The Blueprint)

“How to get rich?” – a question popping into the majority of peoples’ heads on daily basis. In this post I want to give a blueprint of how to do it. What I’ll propose it’s neither exclusive nor unique – there are many opportunities to get rich in the world. However, some people may be …

What Should be Your Focus: Financial Freedom or Retirement?

This is a guest post written by Linda Richardson. The term ‘financial freedom’ is often misunderstood by people. They often equate financial freedom with retirement. But, both are significantly different from each other. You have to understand this. Retirement is a big event in your life. However, this event usually comes almost 30 years after …

Engineers on FIRE

Most people pursuing FIRE are engineers of some sort. I’m not an exception. Many people “unable” to start pursuing FIRE “accuse” engineers of being able to pursue FIRE because of their “high paying” careers. Maximizing one’s income for sure speeds up the process, but achieving Financial Independence is a function of saving more than it …