I have come to a realization recently after the deep dive I have done into the FIRE movement.
What is FIRE you might be asking?
“well when a spark and pine needles love each very much…”
Just kidding yes that is what fire is but what I am talking about is F.I.R.E or Financial independence Retire Early. For the longest time like most of us out there I assumed I would have to work a long career till I was 65 or more to be able to enjoy my golden years in relative ease. But I have recently discovered that it is simply not true assuming you can extricate yourself from the mindset of the average wage earner out there. Achieving FIRE done through the power of the following things,
· High savings rate as much as possible without compromising quality of life
· Lost cost index fund investing
· Reducing Expenses
Those three things combined with long term planning are key to the dream of retiring long before most people expect to. I however am not an expert in these things I am just starting out on my journey into FIRE and I personally have much to learn before I can teach it to others.
What I can do is direct you to those people who have taught me about FIRE and you can learn from them the best way to proceed for you.
Mr. Money Moustache
Considered one of the premier bloggers and personalities in this space he was the one who first introduced me to the concept of FIRE. Through witty personal stories, annual expense reports and a philosophy that doesn’t understand the concept of quit MMM explains how and why to peruse FIRE. Some people consider his math a bit suspect and methods extreme but I have to say his passion for the subject is infectious and his ideas have a lot of merit even if you don’t by in 100%
I like Mad Fientist a lot for his podcast series where he sits down with all sorts of people who have either achieved FIRE or are in the process of it. He dives deep into their methods and philosophy and what got them going on the path towards FIRE. He also talks with them about the struggles pre and post Fire that people have to deal with.
For nitty gritty details look no farther than this guy. He has written extensively on what to invest in, how to invest, the 4% rule which is very important, and all the little things that make FIRE work. Read this guy if you have more technical questions about how to achieve FIRE.
So now that I have got that out of my system I can talk about my realization.
I know its seems like a bit of a DUUUUUUHHH moment but I’m serious here. In the process of trying to live a more green/environmentally friendly lifestyle you are most likely going to end up being much more frugal as well.
Take bike riding for example. Not only is it good for the environment, less gas, less tires, less cars in general but it is also very frugal as well because guess what less gas, less tires, less cars. You also get the health benefits from being more physical fit which again translates to saved money and impact on the environment.
So if Frugal=Green then what we have here is a have your cake and eat it too kind of situation. While to focus of this blog will still be green living I think you can expect a frugal/FIRE article to pop up every now and then. I will also be adding a page to my blog dedicated entirely to this concept called,
Frugal Living Library
Here is where I will document my journey into FIRE and tell about the things I have learned along the way about this whole crazy concept.
For more articles like this check out other articles on the Green Living Library
Hello my name is Josh Larson and I am the creator of the Green Living Library. Here on the blog you will find updates to content found in the Green Living Library as well as stories from those living the sustainable life already.