Jerod and Tim describe the savings, investing, and lifestyle plan known as FIRE. They discuss famous practitioners of FIRE and describe how they've used the ideas in their own lives. This is part 1 of a 2 part series on the topic.

Timestamps:

0:00 Intro

2:08 Definition of FIRE

4:58 Recent history of FIRE

7:56 Early Retirement Extreme and Mr. Money Mustache

10:31 How it works: savings rate and market returns

16:12 Jerod's experience with FIRE

23:02 Tim's exeperience with FIRE

30:00 Other resources

31:10 Philosophy and minimalism

35:30 Hobbies and worktirement

37:55 Children and Healthcare

42:50 Assumptions to consider

49:15 Outro

References:

https://en.wikipedia.org/wiki/FIRE_movement

http://earlyretirementextreme.com/

https://www.mrmoneymustache.com/

Credits:

Recorded in Lebanon, NH, March 12, 2021

Posted online April 20, 2021

Performance, writing, research -- Jerod, Tim

Production, editing -- Juliana

Website -- Tim

License:

This work is freely distributed under a Creative Commons Attribution-NonCommercial 3.0 Unported License

Contact: