This is a place for people who are or want to become Financially Independent (FI), which means not having to work for money.
Before proceeding further, please read the Rules & FAQ.
Financial Independence is closely related to the concept of Early Retirement/Retiring Early (RE) - quitting your job/career and pursuing other activities with your time. This subreddit deals primarily with Financial Independence, but additionally with some concepts around "RE".
At its core, FI/RE is about maximizing your savings rate (through less spending and/or higher income) to achieve FI and have the freedom to RE as fast as possible. The purpose of this subreddit is to discuss FI/RE strategies, techniques, and lifestyles no matter if you're retired or not, or how old you are.
FI/RE is about:
Discovering and achieving life goals: “What would I do with my life if I didn't have to work for money?"
Simplifying and redesigning your lifestyle to reduce spending. Your wants and needs aren't written in stone, and less spending is powerful at any income level.
Working to increase your income and income streams with projects, side-gigs, and additional effort
Striving to save a large percentage (generally more than 50%) of your income to accelerate achieving FI
Investing to make your money work for you, and learning to manage/optimize those investments for the unique nature of FI/RE
FI/RE is NOT about:
Gaining wealth for the purpose of excessive consumption
Taking the slow road, or the traditional road to retirement
Becoming financially independent requires hard work and a healthy attitude towards money, but also a degree of privilege. When participating on this subreddit, please be mindful of the ways in which you are lucky.
Please read the FAQ and Rules above, then feel free to share your journey or ask for advice!
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