jumping into the f.i.r.e
Ever since I worked as a bill collector for an auto finance company, I’ve been extremely passionate about my finances. Coupled with my mother’s teachings of the importance of a savings account, I believed I had all the knowledge I needed.
The concept of stashing away money for the future fascinated me; despite my being more of a spender than a saver. It wasn’t until a couple years back when I was scrolling through Pinterest for money saving tips that I came across the FIRE movement.
For those reading now, you might think that it’s too late for us to join the movement. But from what I’ve been reading, it’s never too late to join! I started with a blog post written by Making Sense of Cents and threw myself down the rabbit hole. How had I not learned of such a process? I was floored, and my journey began!
First off, FIRE stands for Financially Independent, Retire Early. The main premise is to have enough money to get to choose whether or not you want to work. The idea of being completely debt free and working in the way I want thoroughly interests me. I immediately assessed my finances and made a plan to reach FIRE by the time I’m 35, so 10 years.
In other words, I have 10 years to pay off all my debt, build up my savings and reach financial independence.
You’re hearing it here first!