In this episode of the In the Moment podcast, host Michael Clark speaks with Rachel Denton about financial independence and the FIRE (Financial Independence Retire Early) movement. Rachel shares her personal journey towards financial stability, discussing her early adoption of frugal living and aggressive saving strategies. The conversation delves into the different types of FIRE, the impact of economic fluctuations on financial planning, and the importance of mindful spending. Rachel emphasizes the significance of setting financial goals and maintaining a balance between saving for the future and enjoying the present. In this conversation, Rachel shares her journey towards financial independence through the FIRE movement, specifically focusing on Coast Fire. She discusses the importance of budgeting, calculating financial independence using the 25x rule, and the different types of FIRE. Rachel emphasizes that it's never too late to start saving and offers resources for those interested in learning more about financial independence.