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Financial - Coggle Diagram
Financial
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Folks
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Definitions
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Barista FIRE is having enough money to retire early, while still working a part-time job for additional income and health insurance
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Fat FIRE is early retirement without embracing frugality and choosing to accumulate a bigger nest egg.
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Article link Let’s say you have $300,000 at age 40 and traditional retirement is considered age 65. At a 8% compound annual return, in 25 years, your portfolio will have grown to $2,000,000 without any contributions. Despite inflation, $2,305,000 along with inflation-adjusted social security should be enough to provide for a reasonable lifestyle.
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Marriage, Kids, and Money link
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