Pale Dagoreti market; 300-400 per Kg

The FIRE movement has gained in popularity during the COVID pandemic. A dedicated thread is however still missing here on Wazua. Until now, that is.

A quick introduction for the unacquainted:

The ideas originated in the US and were popularised by among others,

-Vicki Robin and Joe Dominguez, https://yourmoneyoryourlife.com/
-Jacob Lund Fisker, http://earlyretirementextreme.com/
-JL Collins, https://jlcollinsnh.com/about/
-Mr. Money Mustache, https://www.mrmoneymustache.com/

The core is lifestyle design by minimising spending and maximising savings or cash flow so as to achieve FI (financial independence) and RE (retire early). Also often expressed as being work optional or owning your time.

In practice this is most commonly done by accumulating a portfolio of least 25 times one's estimated annual living expenses, investing in low-cost index funds and withdrawing 4% from it annually for the rest of one's life.

This last approach is best captured by the Bogleheads investment philosophy [after John C. Bogle, founder of The Vanguard Group].

https://www.bogleheads.org/wiki/Main_Page


Clearly, the information above is primarily suitable for people living in the industrialised world.

This thread invites contributions from everyone, but particularly those living outside the industrialised world and are already pursuing FI or are interested in the ideas.

As you guys continue chasing your tails, I think true financial independence is a mirage. I don't think I will ever pursue it.

My goal is to have passive investments that can take good care of me if crap ever hits the fan in this unpredictable life. That's all. Rent, dividends, and maybe a tree farm with thousands of trees somewhere in the Aberdares will do it for me.

My definition of freedom is the ability to take some time off without downgrading from a high quality lifestyle. I don't want to retire. I just want the ability to take breaks from whatever I will be working on as and when need arises. I personally view retirement as a temporary thing. You can "retire" for a few months and globetrot, and then resume your hustles.