2FD 029: The Financial Independence Online Community

 

Ever heard the term FIRE?

The FIRE (Financial Independence and Retired Early) community has a large online presence of experts answering questions to help more people achieve their financial goals. There is a good chance that someone else in a similar situation as yourself has already asked questions that you can relate your financial situation to.

How do you find these communities? We were able to wrap our heads around the key places to checkout online with Bo, a moderator of the r/financialindependence subreddit, admin on the Mr. Money Mustache forums  and creator of www.cfiresim.com, a tool that can simulate when you can reach FIRE. CHA-CHING!

Tune In Now!

Discussion Points

  • The places to ask your FIRE questions.
  • Getting validation and support for your retirement plans.
  • The logic behind the 4% Safe Withdrawal Rate.
  • The big voices in the FIRE world.
  • FIRE is growing but still far off from mainstream.
  • Avocado Toast!
  • Getting started with planning for retirement.
  • Frugal Tip of The Week: Getting quality shoes like Merrell MoabsRockports & Vivobarefoot. Superfeet Insoles.

Show Links

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Thanks to http://www.bensound.com/ for the music used in the show.