this post was submitted on 20 Oct 2023
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FIRE (Financial Independence Retire Early)

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Welcome!

FIRE is a lifestyle movement with the goal of gaining financial independence and retiring early.


Flow Charts:

Personal Income Spending Flow Chart (US)

Personal Income Spending Flow Chart (Canada)

Finance Flow Chart (UK)

Personal Income Spending Flow Chart (Australia)

Personal Finance Flow Chart (Ireland)


Useful Links:

Bogleheads Wiki

Mr. Money Moustache - a frugal lifestyle blog

The Earth Awaits


Related Communities:

/c/PersonalFinance@lemmy.ml

/c/PersonalFinance@lemmy.world

/c/PersonalFinanceCanada@lemmy.ca

/c/AusFinance@aussie.zone


founded 1 year ago
MODERATORS
 
Age 2022 Net Worth (Median) USD$
Less than 35 $39,040
35-44 $135,300
45-54 $246,700
55-64 $364,267
65-74 $410,000
75 or older $334,700

Source:

https://www.federalreserve.gov/econres/scf/dataviz/scf/chart/

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[–] sugar_in_your_tea@sh.itjust.works 5 points 1 year ago* (last edited 1 year ago)

Wow, those are disappointing medians. If you just max your IRA (no 401k, no match), stay out of debt, and don't sell, you should beat most of those medians by 45 or so if you start at 25, assuming 6% real returns.