“FIRE allows people to choose how they want to spend their time rather than be forced to spend their time at work.”– Kristy Shen. You have to throw out that outdated advice and create a new rulebook.”  Kristy Shen. Define FIRE at AcronymAttic.com. But with the ability to buy and own all of these extra things, is anyone happier? The average family is saving less than 10% of their paycheck. It’s just the way things are. Maybe you’d stay where you are but take that month-long vacation you’ve dreamed about. Because at the time, the average life expectancy was 61. Why deprive yourself of buying all the things just to reach financial independence? Meetups and conferences around the country help people share ideas and continue momentum along their journey. Maybe you’ll leave a job in the oil industry to start a nonprofit in the green space. Otherwise, this is going to be a very difficult path.” – Vicki Robin. Andrew, looking from the dull glimmer of his fire to that dead waste, sighed. Spend a year living in a villa in Spain? Supplementing these are Rescue and Salvage. Abbreviation to define. With his artful writing and blunt observations about how we could all live a happier life on less, the FIRE movement gained a de facto leader and eventually, mainstream attention. Financial independence isn’t easy to achieve. Unsubscribe at anytime. Acronyms and Initialisms related to technical specialist, wildland fire and ICS positions have been removed from the NWCG Glossary Acronym/Initialisms page. Ambitious, often middle-income earners are using a simple formula of high savings rates (50-70% of their incomes) + frugal living (minimalism) + low-cost stock index fund investing (Warren Buffett’s standard investment advice) in order to reach financial independence within a short time period — usually around 10 years. And extended travel isn’t just for people who have reached FIRE. What drives them to create a plan and stick with it? FIRE is an acronym which stands for Financial Independence Retire Early. But others work because they’re pursuing a second act in their career: they’re finally doing work their passionate about or starting that business they’ve always wanted to. 10 Types Of Nouns Used In The English Language. Get the top P.A.S.S. Time is being spent like it’s not the most valuable currency in your world. And finding your FIRE community in person has never been easier. We’re trading our life to buy things that don’t matter. Maybe they travel the world for a year. For many in the FIRE movement, financial independence isn’t actually about retirement — it’s about having the ability to choose work that you enjoy doing. We respect your privacy. The current fire community has expanded to include a wide array of writers, bloggers, and podcasters — normal people pursuing a not-so-normal life. We don’t save and we live on the edge — many of us are one emergency away from financial disaster. It’s about being responsible with the money you have right now.” – The Minimalists. Our futures were being ruined by rampant consumerism and keeping up with the Joneses — and traditional financial advice did little to help. Knowing that, why have we lived our life adhering to the arbitrary retirement age, without questioning whether it truly makes sense for us? Hey, Scottie, shake up the fire and put on some coffee, will you? It’s spent sitting in a long car ride commuting in traffic with everyone else. How many times have you heard, “they grow up so fast” when a parent is struggling with the fact that their baby is now somehow an 18 year old. FIRE is a popular acronym meaning Financial Independence Retiring Early. To not have to work a job that leaves you exhausted and agitated by the time 5 pm rolls around. Often, people worked in high cost of living areas (and areas where they are paid well) and then retire to low cost of living and low tax areas. The concept of retirement was first popularized in 1883 by the German Chancellor, Otto Von Bismark, as a way to get aging workers out of the workforce and make way for younger workers. FIRE allows people to do life on their terms. Move closer to family? Be loyal to the company and they will take care of you in your old age. We’d been sold the idea that though life is expensive, as long as we worked hard, clipped coupons, and set aside a little money for retirement, we could someday dig our way out of student and mortgage debt to enjoy a few brief years living life how we wanted to. You can pack your bags and head to CampFI, FinCon, Camp Mustache, Chautauqua, Financial Freedom Summit, and EconoME to meet like-minded people pursuing a financially free lifestyle. Examples: NFL, NASA, PSP, HIPAA. And how many times have you heard people lament that they wish they’d had more time to spend with their aging parents before it was too late. All content on this website, including dictionary, thesaurus, literature, geography, and other reference data is for informational purposes only. After retiring at 30, Pete Adeney started a blog, Mr. Money Mustache, to spread his ideas of using a frugal lifestyle to buy your freedom. We are spending more money than ever buying things like clothes, electronics, and personal care items. Would you miss your child’s first steps or walking them to their first day of school? FIRE is catching on because as a society we need more than bland financial advice. It’s spent decompressing after a tough day at the office. With the downturn in our economy, many people started to realize that the stories we’d been fed simply weren’t true. You can choose where you want to live and how much you want to travel. In 1992 Vicki Robin and Joe Dominguez published Your Money or Your Life, which popularized the idea of achieving financial independence rather than spending the best days and years of your life working in a 9-5 to make money. Your time is sucked up by meetings and calls that don’t need to happen. It doesn’t matter where you want to live, the point is the same: with financial independence, you get the choice. Your one wild and precious life.” – Vicki Robin. It’s just now getting the attention and recognition it deserves with the rise of blogging and podcasting making it easy to share advice and experiences with others, forming a strong and growing community over the past decade or so. With FIRE, you can travel as much as you want, with complete disregard to how much PTO your boss wants to give you. When I thought I had the unloaded one I called on you to fire. Do you want to let a job dictate how much time you get to spend with the people you love? I doubt it. Unless you are blissfully happy on your current life trajectory, don’t you owe it to yourself to find out if you’re capable of living life a different way?