The War Room
Discussion
Post

Anyone into FIRE here?

A lot of people in sales are in it for the cash money. Wondering if anyone here is into FIRE (Financial Independence / Retire Early) as well?


If so, what's your FIRE number and age? I'd like to get to $2M before 50 at 3.5-4% SWR. Move from NYC to a LCOL area with less taxes. I save a little over 50% of my pay every month. Any idea what you'd like to do during retirement?


Arsonists need not apply.



πŸ„ Personal Life
πŸ’Έ Investing
4
Chep
WR Officer
+10
Business Development Team Lead
I am in it for Fire, but I like to think crypto will help me with that
looper1010
Celebrated Contributor
+13
Account Executive
Fortune favors the bold XD
sales7
Politicker
+5
Sales Enablement Manager
For anyone not into it yet, watch the docco "Playing with FIRE" you will be afterwards..
looper1010
Celebrated Contributor
+13
Account Executive
YASSS!
softwaresails
Politicker
+4
Sales Manager
I have never heard of the acronym FIRE. I’ll google it now.Β 

Any recommendations on good sources of information on this?
sales7
Politicker
+5
Sales Enablement Manager
looper1010
Celebrated Contributor
+13
Account Executive
Love this documentary! It's a good intro to FIRE
looper1010
Celebrated Contributor
+13
Account Executive
Mr. Money Moustache and the Mad FIentist are a good start.Β  It's a millenial money saving movement to retire early or reach financial indendence (aka fuck you money).
Coffeesforclosers
Notable Contributor
+11
Director Sales and Market Development
I need to do more for my future. Riding 401k and money in savings is not a winning strategyΒ 
ro
roftheyear
Fire Starter
+1
Account Executive
me but my goals are not as lofty as yours. partly because im in a lower cost area already
Ryscott0317
Politicker
+7
Territory Manager
I used to read a lot about it but just got depressed because every story started off with β€œI make $125K a year and have over 1 mil saved for far”.

So I’m just doing what I can to pay down debts (just have my condo now) and stack the investments at a rate that works for me.
looper1010
Celebrated Contributor
+13
Account Executive
Those get all the attention but it's all about your save and burn rate.Β  There are lots of FIRE folks in different non-tech lifestyles.
countingmyinterest
Politicker
+4
Account Executive
Yeah, no real set number as I want to be FI. Probably thinking baseline is $10m by 40. Very doable.

Im' from a VHCOL place like NYC and would never move to a LCOL city. There's a reason why people move to nice cities like SF, LA, NYC - more activities.Β 

I'm doing it by investing in crypto and real estate mostly.Β 
0
Anyone in BNI?
Question
11
Are a BNI Member?
sw
+22
OldDirty_SaaStrd , Β  swearydaddy , Β  sugardaddy Β  and 22 people voted
*Voting in this poll no longer yields commission.
10
Fire drills
Discussion
7
Does your management team pull constant fire drills on your team?
+27
dukeofshawarma , Β  Chep , Β  Wellss Β  and 27 people voted
*Voting in this poll no longer yields commission.
3
Anyone here into triathlons?
Discussion
10