The FIRE 101 category is focused on the basics of financial independence and retiring early. Topics in this section include “What is Chubby FIRE?”, “What is SWR?”, and things like that.
You can think of this section as an FAQ, but with longer and more detailed answers than you may expect.
A Safe Withdrawal Rate (SWR) is a way to determine how much you can spend in retirement and never go broke. Safe Withdrawal Rates are usually reflected as a percentage of your spendable net worth. While most people in the FIRE movement recommend a 4% SWR, this may actually be too high for some people. … Read more
Barista FIRE is a fun version of FIRE, designed for those without enough money to officially call it quits. With Barista FIRE, you quit your normal job, begin to draw down on your savings, and get a new, more enjoyable job that pays enough to cover the difference between the amount you take from your … Read more
Chubby FIRE is considered the upper middle class of the FIRE movement (Financial Independence, Retired Early). With a net worth between Lean and Fat FIRE, Chubby enables you to retire early and enjoy life with some luxuries. Chubby guidelines Retirement looks different for everyone, and it would be easy to argue that you don’t need … Read more