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Weekly Discussion: 30 October 2023
(lemmy.world)
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)
Personal Income Spending Flow Chart (Australia)
Personal Finance Flow Chart (Ireland)
Useful Links:
Mr. Money Moustache - a frugal lifestyle blog
Related Communities:
/c/PersonalFinance@lemmy.world
/c/PersonalFinanceCanada@lemmy.ca
I’m not proselytizing FIRE, though I’ve helped family with some general retirement and financial advice. I tried and failed to get my brother to open a retirement account a decade ago when he started working. I think he just now opened one. I did manage to get him to open 529s for his kids by being relentlessly annoying and mentioning that I’d love to make some contributions.
Otherwise I mostly keep my mouth shut about money. I make more than most people I know and any advice I’d give would be out of touch at best.