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
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
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.
We reached Flamingo FI six months ago and are now officially semi-retired. In this post, I’ll talk about our plan to get to FI in the next 10-15 years while working part-time and without saving and investing another cent for retirement. The Race to Flamingo FI Here is a quick recap of our plan (you … Read more
Semi-Retirement is a step between full-time work and traditional retirement. While working part-time is widely understood as part of a semi-retired lifestyle, the exact definition depends on who you ask. Depending on your plans for FI, semi-retirement will likely be part of the mix: I often write about Coast FI, an approach to FI that … Read more
In part 1 of this post we discussed the four stages of Flamingo FI and how it allows you to quit the 9-5 in record time. By now you know how Flamingo FI works – you work and save hard for a few years and then you semi-retire. While you are busy enjoying the perks … Read more
Flamingo FI is a funky remix of the best parts of three different retirement lifestyles – Semi-Retirement, Early Retirement (FIRE) and Traditional Retirement. Soon after we started our journey towards Financial Independence, it became clear to us that we didn’t want to be chained to our desks until we hit our FIRE number. We had … Read more