This is a place for people who are or who want to become Financially Independent (**FI**), which means not being required to work for money, providing the freedom and flexibility to do what you want.

Before proceeding further, please read the Rules & FAQ!

*****

[**Rules**](/r/financialindependence/wiki/rules) | [**FAQ**](/r/financialindependence/wiki/faq) | [**Books**](/r/financialindependence/wiki/books) | [**Relationships**](/r/financialindependence/wiki/marriage)
:--|--:|--:|--:

*****

Financial Independence is closely related to the concept of Early Retirement/Retiring Early (**RE**) - quitting your job/career and pursuing other activities with your time. This subreddit deals primarily with Financial Independence, but additionally with some "RE" concepts.

At its core, **FI/RE is about maximizing your savings rate (through less spending and/or earning higher income) to achieve FI and have the freedom to RE** as soon as you wish. The purpose of this subreddit is to discuss FI/RE strategies, techniques, and lifestyles whether you are retired or not.

**FI/RE is about:**

* Discovering and achieving life goals: “What would I do with my life if I didn't have to work for money?"

* Simplifying and redesigning your lifestyle to reduce spending. Your wants and needs aren't written in stone, and less spending is powerful at any income level.

* Working to increase your income and income streams with projects, side-gigs, and additional effort

* Striving to save a large percentage (usually more than 50%) of your income to accelerate achieving FI

* Investing to make your money work for you, and learning to manage/optimize those investments for the unique nature of FI/RE

* Retiring Early

**FI/RE is NOT about:**

* Gaining wealth for the purpose of excessive consumption

* Taking the slow road, or the traditional road to retirement

Becoming financially independent requires hard work and a healthy attitude towards money, but also a degree of privilege. When participating on this subreddit, please be mindful of the ways in which you are lucky.			 
		
Please read the FAQ and Rules above, then feel free to share your journey or ask for advice!

*****

**FI/RE must-reads!** 

["Build the life you want, then save for it."](https://www.reddit.com/r/financialindependence/comments/58j8pc/build_the_life_you_want_then_save_for_it/)

["A 'Normal Guy' and his take on FIRE"](https://www.reddit.com/r/financialindependence/comments/bxyimn/a_normal_guy_and_his_take_on_fire/)

[ERN's Safe Withdrawal Rate Series](https://earlyretirementnow.com/safe-withdrawal-rate-series/)

[FIRE Flow Chart v4.3](https://www.reddit.com/r/financialindependence/comments/16xymii/fire_flow_chart_version_43/)

*****

**[Archive of previous Daily Discussion threads.](https://www.reddit.com/r/financialindependence/search?q=daily_fi_discussion_thread&sort=new&restrict_sr=on&t=all)**

*****

**[Most recent FIRE survey results.](https://old.reddit.com/r/financialindependence/comments/1cl177n/the_official_2023_survey_results_are_here/)**

*****

**AMAs with William Bengen, Mr. Money Mustache, Wade Pfau, etc., have been archived [here](https://www.reddit.com/r/financialindependence/comments/65tdwj/schedule_for_semimonthly_rfinancialindependence/).**

*****

**FI Blogs sorted by Alexa rank (500k min)**

* [Mr Money Mustache](http://www.mrmoneymustache.com/)
* [madFIentist](http://www.madfientist.com/)
* [Frugalwoods](http://www.frugalwoods.com/)
* [Physician on Fire] (http://www.physicianonfire.com/)
* [Early Retirement Extreme](http://earlyretirementextreme.com/)
* [jlcollinsnh](http://jlcollinsnh.com/)
* [Root of Good](http://rootofgood.com/)
* [Go Curry Cracker!](http://www.gocurrycracker.com/)
* [1500 Days to Freedom] (http://www.1500days.com/)
* [Our Next Life](https://ournextlife.com/)
* [Early Retirement Now](https://earlyretirementnow.com/)
* [Millennial Revolution](http://www.millennial-revolution.com)
* [Millennial Boss](http://millennialboss.com/)
* [The Escape Artist](https://theescapeartist.me/)

**Forums**

* [Mr Money Mustache](http://forum.mrmoneymustache.com/)
* [Early Retirement Extreme](http://forum.earlyretirementextreme.com/)
* [Bogleheads](http://www.bogleheads.org/forum/index.php)
* [Simple living](http://simplelivingforum.net/) [*(new posts)*](http://www.simplelivingforum.net/search.php?do=getdaily)
* [early-retirement.org](http://www.early-retirement.org/forums/) [*(new posts)*](http://www.early-retirement.org/forums/search.php?do=getdaily)
* [fairmark.com tax forums](http://www.fairmark.com/forum/)

**More to read**

* [Bogleheads wiki](http://www.bogleheads.org/wiki/Main_Page)
* [ERE wiki](http://earlyretirementextreme.com/wiki/index.php?title=Main_Page)
* [Stock Series (jlcollinsnh)](http://jlcollinsnh.com/stock-series/)

**Tools**

* [FIRECalc](http://www.firecalc.com/)
* [CFIREsim](http://www.cfiresim.com/)
* [Networthify](https://networthify.com/calculator/earlyretirement)
* [The Earth Awaits](https://www.theearthawaits.com/)
* [u/EngagingData's Early Retirement FIRE Calculator](https://engaging-data.com/fire-calculator/)
* [Social Security Tools](https://www.ssa.gov/benefits/calculators/)

**Books / Resources**

* [r/FI Recommended Book List](http://www.reddit.com/r/financialindependence/wiki/books)
* [Buy Nothing groups](http://buynothingproject.org/)
* [Freecycle groups](https://www.freecycle.org/)

**Reddit resources**

* [r/frugal wiki and FAQ](https://www.reddit.com/r/Frugal/wiki/index)
* [r/personalfinance FAQ](https://www.reddit.com/r/personalfinance/wiki/index)
* [Don't carry a credit card balance!](https://redd.it/1s9u4g)

**Closely related subs**

* /r/frugal
* /r/leanfire
* /r/fatFIRE 
* /r/personalfinance

**Regional FI/RE**

* /r/fiaustralia
* /r/dutchfire
* /r/fican
* /r/fireuk
* /r/FIREIndia
* /r/europefire

**Regional Personal Finance**

* /r/ausfinance
* /r/personalfinancecanada
* /r/ukpersonalfinance
* /r/eupersonalfinance

**Money subs**

* /r/entrepreneur
* /r/forhire
* /r/freelance
* /r/investing
* /r/jobs
* /r/realestate
* /r/ynab

**Lifestyle (frugal) subs**

* /r/bikecommuting
* /r/budgetfood
* /r/dumpsterdiving
* /r/eatcheapandhealthy
* /r/homestead
* /r/livingofftheland
* /r/lowcar
* /r/patientgamers
* /r/permaculture
* /r/selfsufficiency
* /r/simpleliving/
* /r/tinyhouses
* /r/vandwellers

<div class="md">This is a place for people who are or who want to become Financially Independent (FI), which means not being required to work for money, providing the freedom and flexibility to do what you want.

Before proceeding further, please read the Rules &amp; FAQ!

<hr/>

<table><thead>
<tr>
<th align="left"><a href="/r/financialindependence/wiki/rules">Rules</a></th>
<th align="right"><a href="/r/financialindependence/wiki/faq">FAQ</a></th>
<th align="right"><a href="/r/financialindependence/wiki/books">Books</a></th>
<th align="right"><a href="/r/financialindependence/wiki/marriage">Relationships</a></th>
</tr>
</thead><tbody>
</tbody></table>

<hr/>

Financial Independence is closely related to the concept of Early Retirement/Retiring Early (RE) - quitting your job/career and pursuing other activities with your time. This subreddit deals primarily with Financial Independence, but additionally with some &quot;RE&quot; concepts.

At its core, FI/RE is about maximizing your savings rate (through less spending and/or earning higher income) to achieve FI and have the freedom to RE as soon as you wish. The purpose of this subreddit is to discuss FI/RE strategies, techniques, and lifestyles whether you are retired or not.

FI/RE is about:

<ul>
<li>Discovering and achieving life goals: “What would I do with my life if I didn&#39;t have to work for money?&quot;</li>
<li>Simplifying and redesigning your lifestyle to reduce spending. Your wants and needs aren&#39;t written in stone, and less spending is powerful at any income level.</li>
<li>Working to increase your income and income streams with projects, side-gigs, and additional effort</li>
<li>Striving to save a large percentage (usually more than 50%) of your income to accelerate achieving FI</li>
<li>Investing to make your money work for you, and learning to manage/optimize those investments for the unique nature of FI/RE</li>
<li>Retiring Early</li>
</ul>

FI/RE is NOT about:

<ul>
<li>Gaining wealth for the purpose of excessive consumption</li>
<li>Taking the slow road, or the traditional road to retirement</li>
</ul>

Becoming financially independent requires hard work and a healthy attitude towards money, but also a degree of privilege. When participating on this subreddit, please be mindful of the ways in which you are lucky. 

Please read the FAQ and Rules above, then feel free to share your journey or ask for advice!

<hr/>

FI/RE must-reads! 

<a href="https://www.reddit.com/r/financialindependence/comments/58j8pc/build_the_life_you_want_then_save_for_it/">&quot;Build the life you want, then save for it.&quot;</a>

<a href="https://www.reddit.com/r/financialindependence/comments/bxyimn/a_normal_guy_and_his_take_on_fire/">&quot;A &#39;Normal Guy&#39; and his take on FIRE&quot;</a>

<a href="https://earlyretirementnow.com/safe-withdrawal-rate-series/">ERN&#39;s Safe Withdrawal Rate Series</a>

<a href="https://www.reddit.com/r/financialindependence/comments/16xymii/fire_flow_chart_version_43/">FIRE Flow Chart v4.3</a>

<hr/>

<a href="https://www.reddit.com/r/financialindependence/search?q=daily_fi_discussion_thread&amp;sort=new&amp;restrict_sr=on&amp;t=all">Archive of previous Daily Discussion threads.</a>

<hr/>

<a href="https://old.reddit.com/r/financialindependence/comments/1cl177n/the_official_2023_survey_results_are_here/">Most recent FIRE survey results.</a>

<hr/>

AMAs with William Bengen, Mr. Money Mustache, Wade Pfau, etc., have been archived <a href="https://www.reddit.com/r/financialindependence/comments/65tdwj/schedule_for_semimonthly_rfinancialindependence/">here</a>.

<hr/>

FI Blogs sorted by Alexa rank (500k min)

<ul>
<li><a href="http://www.mrmoneymustache.com/">Mr Money Mustache</a></li>
<li><a href="http://www.madfientist.com/">madFIentist</a></li>
<li><a href="http://www.frugalwoods.com/">Frugalwoods</a></li>
<li><a href="http://www.physicianonfire.com/">Physician on Fire</a></li>
<li><a href="http://earlyretirementextreme.com/">Early Retirement Extreme</a></li>
<li><a href="http://jlcollinsnh.com/">jlcollinsnh</a></li>
<li><a href="http://rootofgood.com/">Root of Good</a></li>
<li><a href="http://www.gocurrycracker.com/">Go Curry Cracker!</a></li>
<li><a href="http://www.1500days.com/">1500 Days to Freedom</a></li>
<li><a href="https://ournextlife.com/">Our Next Life</a></li>
<li><a href="https://earlyretirementnow.com/">Early Retirement Now</a></li>
<li><a href="http://www.millennial-revolution.com">Millennial Revolution</a></li>
<li><a href="http://millennialboss.com/">Millennial Boss</a></li>
<li><a href="https://theescapeartist.me/">The Escape Artist</a></li>
</ul>

Forums

<ul>
<li><a href="http://forum.mrmoneymustache.com/">Mr Money Mustache</a></li>
<li><a href="http://forum.earlyretirementextreme.com/">Early Retirement Extreme</a></li>
<li><a href="http://www.bogleheads.org/forum/index.php">Bogleheads</a></li>
<li><a href="http://simplelivingforum.net/">Simple living</a> <a href="http://www.simplelivingforum.net/search.php?do=getdaily">(new posts)</a></li>
<li><a href="http://www.early-retirement.org/forums/">early-retirement.org</a> <a href="http://www.early-retirement.org/forums/search.php?do=getdaily">(new posts)</a></li>
<li><a href="http://www.fairmark.com/forum/">fairmark.com tax forums</a></li>
</ul>

More to read

<ul>
<li><a href="http://www.bogleheads.org/wiki/Main_Page">Bogleheads wiki</a></li>
<li><a href="http://earlyretirementextreme.com/wiki/index.php?title=Main_Page">ERE wiki</a></li>
<li><a href="http://jlcollinsnh.com/stock-series/">Stock Series (jlcollinsnh)</a></li>
</ul>

Tools

<ul>
<li><a href="http://www.firecalc.com/">FIRECalc</a></li>
<li><a href="http://www.cfiresim.com/">CFIREsim</a></li>
<li><a href="https://networthify.com/calculator/earlyretirement">Networthify</a></li>
<li><a href="https://www.theearthawaits.com/">The Earth Awaits</a></li>
<li><a href="https://engaging-data.com/fire-calculator/">u/EngagingData&#39;s Early Retirement FIRE Calculator</a></li>
<li><a href="https://www.ssa.gov/benefits/calculators/">Social Security Tools</a></li>
</ul>

Books / Resources

<ul>
<li><a href="http://www.reddit.com/r/financialindependence/wiki/books">r/FI Recommended Book List</a></li>
<li><a href="http://buynothingproject.org/">Buy Nothing groups</a></li>
<li><a href="https://www.freecycle.org/">Freecycle groups</a></li>
</ul>

Reddit resources

<ul>
<li><a href="https://www.reddit.com/r/Frugal/wiki/index">r/frugal wiki and FAQ</a></li>
<li><a href="https://www.reddit.com/r/personalfinance/wiki/index">r/personalfinance FAQ</a></li>
<li><a href="https://redd.it/1s9u4g">Don&#39;t carry a credit card balance!</a></li>
</ul>

Closely related subs

<ul>
<li><a href="/r/frugal">/r/frugal</a></li>
<li><a href="/r/leanfire">/r/leanfire</a></li>
<li><a href="/r/fatFIRE">/r/fatFIRE</a> </li>
<li><a href="/r/personalfinance">/r/personalfinance</a></li>
</ul>

Regional FI/RE

<ul>
<li><a href="/r/fiaustralia">/r/fiaustralia</a></li>
<li><a href="/r/dutchfire">/r/dutchfire</a></li>
<li><a href="/r/fican">/r/fican</a></li>
<li><a href="/r/fireuk">/r/fireuk</a></li>
<li><a href="/r/FIREIndia">/r/FIREIndia</a></li>
<li><a href="/r/europefire">/r/europefire</a></li>
</ul>

Regional Personal Finance

<ul>
<li><a href="/r/ausfinance">/r/ausfinance</a></li>
<li><a href="/r/personalfinancecanada">/r/personalfinancecanada</a></li>
<li><a href="/r/ukpersonalfinance">/r/ukpersonalfinance</a></li>
<li><a href="/r/eupersonalfinance">/r/eupersonalfinance</a></li>
</ul>

Money subs

<ul>
<li><a href="/r/entrepreneur">/r/entrepreneur</a></li>
<li><a href="/r/forhire">/r/forhire</a></li>
<li><a href="/r/freelance">/r/freelance</a></li>
<li><a href="/r/investing">/r/investing</a></li>
<li><a href="/r/jobs">/r/jobs</a></li>
<li><a href="/r/realestate">/r/realestate</a></li>
<li><a href="/r/ynab">/r/ynab</a></li>
</ul>

Lifestyle (frugal) subs

<ul>
<li><a href="/r/bikecommuting">/r/bikecommuting</a></li>
<li><a href="/r/budgetfood">/r/budgetfood</a></li>
<li><a href="/r/dumpsterdiving">/r/dumpsterdiving</a></li>
<li><a href="/r/eatcheapandhealthy">/r/eatcheapandhealthy</a></li>
<li><a href="/r/homestead">/r/homestead</a></li>
<li><a href="/r/livingofftheland">/r/livingofftheland</a></li>
<li><a href="/r/lowcar">/r/lowcar</a></li>
<li><a href="/r/patientgamers">/r/patientgamers</a></li>
<li><a href="/r/permaculture">/r/permaculture</a></li>
<li><a href="/r/selfsufficiency">/r/selfsufficiency</a></li>
<li><a href="/r/simpleliving/">/r/simpleliving/</a></li>
<li><a href="/r/tinyhouses">/r/tinyhouses</a></li>
<li><a href="/r/vandwellers">/r/vandwellers</a></li>
</ul>
</div>

t5_2t34z

This is a place for people who are or want to become Financially Independent (FI), which means not having to work for money.
 
Financial Independence is closely related to the concept of Early Retirement/Retiring Early (RE) - quitting your job/career and pursuing other activities with your time.
 
At its core, FI/RE is about maximizing your savings rate (through less spending and/or higher income) to achieve FI and have the freedom to RE as fast as possible.

<div class="md">This is a place for people who are or want to become Financially Independent (FI), which means not having to work for money.

Financial Independence is closely related to the concept of Early Retirement/Retiring Early (RE) - quitting your job/career and pursuing other activities with your time.

At its core, FI/RE is about maximizing your savings rate (through less spending and/or higher income) to achieve FI and have the freedom to RE as fast as possible.
</div>

**Remember the Rules!**

* READ THE FAQ on the sidebar before submitting a question!

* Aim to drive discussion. This is a sub about FI, RE and FIRE, please keep topics relevant and engaging.

* No self-promotion. No links to your blog or business ventures.

* No profanity in titles.

* Before submitting a new post, please consider whether your material is better suited for one of the auto-posts: Monday Milestone, the Weekly "Help Me FIRE!," Wednesday Self-Promotion, Frugal Friday, and/or the Daily Discussion.

<div class="md">Remember the Rules!

<ul>
<li>READ THE FAQ on the sidebar before submitting a question!</li>
<li>Aim to drive discussion. This is a sub about FI, RE and FIRE, please keep topics relevant and engaging.</li>
<li>No self-promotion. No links to your blog or business ventures.</li>
<li>No profanity in titles.</li>
<li>Before submitting a new post, please consider whether your material is better suited for one of the auto-posts: Monday Milestone, the Weekly &quot;Help Me FIRE!,&quot; Wednesday Self-Promotion, Frugal Friday, and/or the Daily Discussion.</li>
</ul>
</div>

How much money do you save or invest per month?