Coast FIRE Explained [+New Coast FI Calculator] – 2021 Update

Coast FI is a FIRE alternative that uses compound interest and semi-retirement to get to Financial Freedom.

Coast FIRE is becoming more popular as a Financial Independence strategy all the time. It is a very powerful concept. Our own approach to FIRE is based around Coast FI principles and has allowed us to claim our freedom back and semi-retire in 2020. We are now coasting to Financial Independence while enjoying more freedom … Read more

How Much Does a Baby Cost? – FIRE Edition

Baby Flamingo #2 turned 1 recently. I thought this would be a good moment to share my thoughts on a hotly debated topic in many FIRE Facebook Groups and on podcasts and Financial Independence blogs: the cost of having a baby in Australia!

How Can I Get My Partner On Board with Financial Independence? [FIRE FAQ #1]

How to get your partner interested in saving and investing for Financial Independence

Once you discover Financial Independence and realise how powerful this concept is, getting your partner on board becomes a priority for most people. Let’s explore the different kinds of partners who are not interested in Financial Independence and what you can do to get them on board!

Why the Semi-Retired Life Is the Ultimate FIRE Sweet Spot

Why the Semi-Retired Life is the Ultimate FIRE Sweet Spot. An article about balance and a slower FI journey.

In today’s article, I’m going to share a simple realisation I recently had about one of the main topics we discuss on the blog: Early Semi-Retirement. Mr. Flamingo and I have been semi-retired for 12 months at the time of writing and I can honestly say that this lifestyle is amazing. Choosing a slower FIRE … Read more

Semi-Retirement Update – Q3/2021 – Coasting to FIRE

Money Flamingo Coast FIRE Progress October 2021

Our quarterly updates chronicle our adventures in semi-retirement and our financial progress from Flamingo FI towards complete Financial Independence (and probably Fat FIRE as well). Since we reached Flamingo FI in late 2020, we have not added any funds to our investments and are instead coasting to Financial Independence. You can read all about our … Read more

From Hardship to Financial Independence: Elena’s Story (FIRE Interview)

How Elena went from poverty and hardship to pursuing Financial Independence. Elena uses a Coast FIRE strategy to focus on her health and work part-time on the journey to FIRE.

Elena grew up poor and experienced a lot of hardship in her younger years. In this interview, she shares how discovering FIRE changed her life for the better and ended a long journey marked by struggle and the stresses bad investment decisions can cause. Not all financial success stories are short or simple. Elena’s story … Read more

Financial Independence And Life Planning: The Ultimate Recipe For Happiness

Life Planning is essential for Financial Independence Success and Happiness. Design a lifestyle that is in line with your goals to create real meaning and fulfillment in your life - long before you reach FIRE.

Financial Independence is an incredibly powerful tool. It allows us to create the time and freedom needed to pursue the things that we want out of life. However, there is a catch: If we don’t have a clear idea of what we really want, Financial Independence can take the place of our actual goals. It … Read more

Why We Need Different Types of Financial Independence

Whether your goal is Lean, "Traditional" or Fat FIRE, there is a path to Financial Independence that is right for you: CoastFI, Barista FIRE and many more.

There are many FIRE acronyms and “types” of Financial Independence these days. These often get made fun of in the FIRE Community. Sure, some of these have hilarious names. But let me tell you one thing: If you roll your eyes every time someone comes up with a new FIRE term, you are missing the point.

Which Social Media (F)influencers and Bloggers Can You Trust? Red Flags and Revealing Questions

How to know which social media finfluencers, bloggers and other finance content creators you can trust. 7 red flags and 13 revealing questions to ask.

Finfluencers on Instagram, FIRE bloggers, Youtube channels about making money online, investing courses for millennials, podcasters who recommend share trading platforms, side hustle coaches, Fintok, the latest mentoring program by xzy personal finance guru, podcasters who recommend share trading platforms … The list of people in the personal finance and investing space who are not … Read more

The Psychology of Money – 16 Lessons for the FIRE Community

Last month we kicked off the brand new Personal Finance and FIRE Book Club with The Psychology of Money by Morgan Housel. I have to admit that I was disappointed when I was done reading. Really disappointed actually…