FINE vs FIRE - what are you saving for? (www.jillonmoney.com)

submitted 2 days ago by sugar_in_your_tea@sh.itjust.works to c/fire@lemmy.ml

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Link is to an older podcast episode, and The Money Guy YouTube channel occasionally talks about FINE instead of FIRE.

Here's the definitions of each:

FINE - Financial Independence Next Endeavor
FIRE - Financial Independence Retire Early

Basically, FINE focuses on what you plan to do after achieving financial independence, whereas FIRE tends to focus on cessation of working. I always called it FI (leave off the retirement part), but I suppose FINE works.

Anyway, just wondering what everyone else is planning to do once they hit Financial Independence, whether that's retirement or starting something new. I'll leave mine in the comments.

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[-] sugar_in_your_tea@sh.itjust.works 3 points 2 days ago

I'm about 10 years away and haven't 100% decided what I'm going to do, but that should be around the time my oldest leaves the house. Here are some things I've thought about, in rough order of my passion for each:

join/start a charity to help people get out of debt, perhaps with low-interest loans based on behavior instead of credit
make video games, and perhaps start an indie studio
run for local office - I don't want to be a politician, but my state legislators have run unopposed ever since I've lived here
really get into carpentry - I may do this before hitting FI, I've been wanting to build a treehouse for my kids for a couple years now

I'll probably do one of the first two, we'll see about the rest.

[-] Minarble@aussie.zone 2 points 1 day ago

Build the treehouse!

Kids grow up to fast…

[-] sugar_in_your_tea@sh.itjust.works 2 points 1 day ago

Yup, planning to write up some plans this winter so I can build it in the spring. Have kids from 4-10, so I think it's the perfect time to build one, and my SO has been begging for a mini playground, which I've pushed back on because we have a park within walking distance.