Financial Independence Retire Early (F.I.R.E.)

The MoneySaver Podcast

The the 15th episode of the MoneySaver Podcast, we talk to Bob Lai, the blogger behind tawcan.com on the Financial Independence Retire Early or F.I.R.E. He dispels myths to describe how to quit the daily grind and live life (and retirement) the way you want to.

Questions Asked:

0:51 Tell me a little bit about yourself.

2:13 Can you explain what the Financial Independence Retire Early (F.I.R.E.) movement is?

9:20 Who is F.I.R.E. for?

11:32 If you’re interested in following the F.I.R.E. movement, what are the first steps that you should take?

12:25 Is it akin to penny pinching?

16:45 I understand that tracking is extremely important in the F.I.R.E. movement. How much are you saving in terms of percentage as a F.I.R.E. follower?

17:54 Is investing the primary source of passive income for followers of the F.I.R.E. movement?

23:39 How do you prepare for large purchases like cars or even funding your children’s education?

27:01 Is it easier to follow F.I.R.E. here in Canada than in the U.S?

29:22 Let’s talk about your blog. There are a lot of great topics that apply to everyone regardless of whether they are following the Financial Independence Retire Early movement.

35:03 What are your three best tips that you can impart to our readers, not only achieve Financial Independence Retire early but also to achieve the retirement they deserve?