FIRE

968Driver

We're here to work and build the best community, this project is FIRE!!

stoneddemon7

🚀🚀TEMA IS ON FIRE🚀🚀 Six Updates! 1) New cover photo for Australias largest crypto group! https://www.facebook.com/share/p/1aQ4jorfiK/ 2) Listing on MEXC imminent! 3) A video for Tema made by the same team who made the Litecoin video is underway! https://www.youtube.com/watch?v=JMTJvXyHJGU 4) Worlds largest german Crypto FB group in negotiations for a takeover 5) In negotiations with Kucoin and Gate exchanges 6) The community has purchased 600 boosts on dexscreener and 200,00 ad impressions!!

rolledoutofbed

Up to a point. To get to fat/chubby fire takes risk, unless you started off with that amount already. Average person can FIRE with a normal salary and moderate savings, conservative expenditure.

CryptoFever911

4% rule is for inflationary assets, most of r/FIRE folks know their stack may run out after 100 years or so, but in case of Bitcoin op was saying infinite as it will out pace everything and you will never run out of sats.

Wirelessness

Please explain how your money expenses can triple in five years? You should post your answer in r/FIRE since every single person in the history of retirement has never planned for or ever seen this type of expense spending increase. Sure, a medical catastrophe could cost tens or even hundreds of thousands of dollars but that expense will not persist in perpetuity through the rest of your life. Inflation does not triple the cost of everything every 5 years.

Difficult_Pool_5608

I would agree with you, I would just suggest to not take from it until the 1 BTC is worth whatever your FIRE number is.

headphase

OH MY GOD WE'RE HAVING A FIRE 😱 sale 😏

beerdybeer

FIRE 🔥

cannedshrimp

This is a FIRE question not a crypto question! As long as I am saving I will be saving in Bitcoin. I won't start spending until I start net spending all of my assets because I retired. Before then it's pointless to convert BTC into USD at any price point when the dollar is melting.

Average_HOI4_Enjoyer

Explain instead the FIRE investment philosophy, it is quite similar and easier to understand, because usually people are more familiarize with stocks

Jaded_Many7515

Most common (including myself) is getting the phantom wallet, buying SOL, and swapping for anarchy🔥 GYPxyPtu6g1NmnEPPkTcCdSZz7ZMs6A1S3wTjnLdpump WELCOME TO THE FIRE!! 💪😎

penty

Took a non Bitcoin related sabbatical in 2014. Due to the halvings cycles I moved up to leanFIRE to regular FIRE. This cycle will definitely be FatFIRE. First buys were in the late 2012-2013 era. Current cost basis is ~$3600.

instant_king

You can research about FIRE and Coast FIRE, barista FIRE etc. This all depends on how much you spend.

TxTransplant72

“Go F yourself” is the equivalent of ‘bon voyage’ to those in the FIRE community. It’s meant purely in the best of terms!! (Often uttered by those not net FIRE’d, so try to work in a hint of envy or dismissive ness when you say it out loud!)

Jaded_Many7515

WE ARE THE FIRE

Jaded_Many7515

WE ARE THE FIRE

onpch1

One thing FIRE people have going is that they put money away regularly. Over time, even without investment returns, that sum is going to become substantial. Overlay it with investment returns and compound that year after year, even if it's only 9% and 30, 40 years later, it's a couple of million.

racecrack

I actually prefer the price to be as low as possible for a couple years more if we can, have FIRE plans brewing.

SezitLykItiz

Yeah I’m an idiot because my cost basis is 400/coin and I am not selling till it reaches 1M/coin, and even then, I’ll be selling 4% a year to support my FIRE. Because guess, what, my credit card bill will need to be paid.

LegendaryJohnny

After stop losses I was out on sidelines and was feeling huge fomo today. But I told myself HOLD FIRE, Burgers will pump and dump from 15.30 to 16.30 CET like they usually do on fridays. I was right. But fomo is real.

hillary-clinton-

FIRE and bitcoin? theyll have u shot dead for any mention of bitcoin over there

originalrocket

As a bitcoin Maxi I suggest only bitcoin. But as a member of the FIRE community. NO! Split it 50/50 at least into a quality stock(s) such as SCHG, VOO. You need to hedge your bet, you will never hit the peaks, but you will never hit the valleys too. Protect your future.

Mr_Pink_Buscemi

It’s that easy yeah? My strategy has a cost basis in the low 20s, which has helped me reach FIRE status at a young age. I don’t have one story, ONE STORY, in real life where an altcoiner made life changing money. They all turned out to be losers.

racecrack

Don't forget to take into account that you will be eating it slowly, you are not cashing out all at once in the 2029 peak, right? For the sake of this calculation example I will make the following assumptions: 1. BTC doubles in price every 4 year cycle, but will be worth considerably less in between. 2. $75K before tax covers 1 year of expenses (ignoring inflation for sake of simplicity, of course it impacts) So, let's say, you have 1 BTC at $600K in 2029. You take out 0.5 ($300K) to cover next 4 years of expenses, assuming you rather not cash out during winter times. Next cycle 2033, things are doubling again. You only have to take out 0.25 ($300K) to cover next 4 years. 2037, exit 0.125 for $300K 2041, exit 0.0625 for $300K Anyway you get the drift. Actual numbers will vary of course, this is just roughing it to illustrate the concept of an exponential growth over time, and you hacking away in portions instead of all at once. Kindly note that the sum of these exit portions never reaches 1 full BTC if the 4-yearly doubling pattern continues, no matter how long you live. Having said all that - if you have the potential now to work hard and build up to 2 BTC in the coming 6 years - by all means go for it and live that much more comfortable life with a lot less worry and a lot less calculator in hand! It also will make your plan that much more robust to the likely possibility of diminishing returns which are bound to creep in on that exponential curve at some point. I'm personally aiming for FIRE by 2033 based on my own numbers and sat stacking capacity.

onpch1

In 6 years?! let's say you need 3M, then 4 btc, so that's expecting 8x from here. Make it 5 btc, because you have to pay capital gains tax. But how old are you and middle class where? If 50, 3M (after tax) would work pretty much anywhere. If closer to 30, you would probably need more because of inflation. But also, this depends on how you invest (the proceeds from btc). Hey, maybe you can buy Bitcoin Go check out s/ FIRE

HotStaff4166

You're screwed both ways. If you don't sell, you're screwed in the short term, if you sell, you are screwed in the long term. I would not sell, get divorced, pay her a little bit of money, and enjoy FIRE in 15 years...alone, or with you shine 20y younger girlfriend.

MasterSaturday

My dude, having $2K in the bank, a steady paying job and a *house* is far from broke. This is your only post on this account and I'm not "curious" enough to dig through to find whatever story you're talking about, but going by the info here you had a sizable amount of money and equity at your disposal which you converted entirely into crypto, an extremely risky move that happened to pay off... for you. Not to mention your cash flow was apparently enough that you saved up another $4K within the year to buy another BTC, and you were more than willing to withdraw from your retirement account to play with that money as well. Don't get me wrong, I'm very happy for you and I wish you an enjoyable FIRE life. But don't mislead people here to think it's that easy, because you're glossing over some important details.

kepjoooo

Same here, a similar story but with a bit more diversification. Still, I feel depressed and worry about money. It’s frustrating. In a hcol area, $1M doesn’t go far. I’m grateful overall, but honestly, I can’t wait to FIRE and leave this soul-crushing day job and the pointless drama of coworkers, stuck in front of this machine all day.

Clearly_Ryan

To all the idiots that smack talked my Bitcoin thesis at 6k USD in /r/investing, /r/personalfinance, and /r/FIRE, I told you so. Networth is now just shy of passing north of 8 figures.  Thanks for all the downvotes and banning my alt 5 years ago when I talked about Bitcoin seriously as an inflation hedge and a long term vehicle for capital preservation. And have fun staying poor. 

heinzmoleman

You ever pass by a nice house in a nice neighborhood and you say "oh yeah they have money" that's where you'll be my friend. Even in Today's world there are different levels of affluence. There's FIRE level and then there's Jeff Bezos level

kisscardano

FIRE here. Well said, mate. If people were on our level, they'd be sipping cocktails on a beach right now. But no—these clueless wannabes think they're smarter than us, dumping their McDonald's paychecks into trash-tier coins destined to crash. How do I know? Because I was once naive enough to try those garbage coins myself—and yeah, lost 80% of my money. But unlike them, I learned, adapted, and leveled up. They're still playing checkers while we're mastering chess.

Individual_Refuse_30

What did you expect coming to Bitcoin reddit asking if you should invest in Bitcoin, LOL. Make your own research and financial decisions, do not rely on random internet people. It's like walking on the street asking for financial advice from homeless. Fr man. Bitcoin prices are highly volatile, which might not suit a FIRE plan focused on steady, reliable growth. Nobody here, nor anywhere else knows what will happen. We want BTC to go high but NOBODY knows. Are you willing to risk your 150k? Are you ready for a scenario where you put in 150k and BTC crashing 50% down? Would you keep the money or take out at huge loss? What if bull market is over?? (hopefully not) Are you willing to keep BTC and DCA over next years until next bull run? How can anyone make such decision for you??

GrumpyScroogy

I have made my money already. Fully FIRE. I dont need to bother anymore with swing trading. Doesnt take away from the fact that your narrative is still wrong for the other 99,99% who are not at that point yet. You felt confident enough to blurt out blatant lies as facts, cause you have studied enough cycles. You can figure it out your own. I will tell you though, fact people like you are blindly upvoted says a big deal about what stage of the market we are in. GL

CompletelyRandy

I have loads of ransom coins in my wallet, which have just been dropped onto me. Most of them are scams where you have to essentially buy something else to sell them. So I just ignore them. Saying that, I did get dropped some FIRE coins years ago, from memory I had two of them. Sold them for $300ea or something stupid. Free money in that case!!

racecrack

100x in 11 years, that's pretty nice. Looking forward to the next 11 years. Should be about ready for FIRE by then.

Ok_Comp1

DCA for a decade then r/FIRE with whatever else I also have in regular funny-money

Warrlock608

It seems that the previous cycle's high becomes the current cycle's floor. My guess is in 2026-7 bitcoin dips to like 55k and we start all over Those who have stuck around will scream FIRE SALE and those who are still afraid to dip their toes will scream "I AINT TOUCHIN THAT SHIT" and then in 2029 when bitcoin is around $600,000 we will be having this same conversation.

JuliusEasier

Only FIRE members are allowed purchase. To quote George Carlin “it’s just a club and you ain’t in it!”

w1nn1ng1

I worked with a man who had just turned 40. I was checking my retirement and he was curious how much I had. At the time I was 38 and only had around $100,000 saved and felt behind. He said he only had around $8,000 saved. Having that much at 26 is insane and you’re well on your way to FIRE (Financial Independence, Retire Early).

Objective_Topic2210

On any FIRE sub if you talk about Bitcoin / Crypto the typical response is “may as-well put it all on BLACK!!!”… lol your loss I’m going to FIRE earlier than them because of crypto.

Slave4Billionaires

I'm FIRE at age 40 bro, I don't NEED to do anything. 5% of my portfolio is diversified into crypto I could lose it all and I still wouldn't have to work. You have lots to learn. Fools cheer and hope...winners calculate. Maybe someday I'll see you on top with the rest of us.

orobas05

Slightly below 3%. But it's more of clearing one of my FIRE goals.

penty

This is what I tried to use back in late 2012 to guess how high it could go and how much should I buy to meet my FIRE goals.

penty

At first (2013-2016) I tried to talk my good friends into bitcoin "let's get rich together". They never did .. this run,.even being basically FIRE they don't get it.

penty

I basically am. Gone from initially taking an unrelated to Bitcoin sabbatical -> now thanks to BTC lean FIRE -> FIRE ->and either this run or the next Fat FIRE.

Excellent_Can2901

Perhaps, everyone has their own goal amount to retire with. I think mine is above average especially compared to what some people in the FIRE subreddits are aiming for. I also had a minimum wage job in 2014 so wasn't exactly able to buy huge amounts at first.

oldjambalaya69

Hey, thanks for the welcome, Neo! But trust me, I’m not new to the game—I’ve been stacking since 2020. Getting close to that FIRE dream. I’ve always believed in Bitcoin, but lately, it’s become crystal clear. With fiat losing value and central banks scrambling, I’ve realized—time is the one thing you can’t ever get more of. That’s why I’m all in. Thanks for the warm welcome to the real world! 💊🚀

Future-Tomorrow

I don’t know about a specific app but this is what X, formally Twitter and Telegram is for, but with heightened risk. When finding these potential gems, FIRE, and Blockfence should installed in your browser if it’s ETH based so they can scan the contracts before you sign. You’ll also need to follow the accounts on X quickly that pick apart whether the new coin is likely to be a rug or not. Lastly, I use CoinMarketCap to verify the official address and that it’s not a scam. I also avoid UniSwap altogether for these newly listed coins. Too many scams there. This is pretty much how I discovered PEPE but it’s not a game I want to regularly play if I’m honest.

haste18

Look into FIRE. The basic rule is you need 25x the amount of money yearly spend. So lets say you want $100,000 to spend a year then you'll need $2,500,000 to make back that $100,000. This way you can keep living without losing money. The $2,500,000 you should keep invested in Bitcoin/Index funds/etc to make at least 4 - 8% a year. Also taxes are different per country and keep in mind that you can't make money on the house you live in, so that's excluded from the $2,500,000.

Electronic_Drama_727

Firstly, you can keep your condesending & attempted position of assumed superiority with your "sorry to break it to you", because lets be honest, that's that you're attempting there. I was respectful in telling you my position, and to even note not to waste your time as you'll not convince me otherwise, and yet here we are. Secondly, what those 0.0064% of the population ***DO*** vs. what they ***WANT***, are, and will always be, different. I don't care if people practise FIRE, given a chance of getting richer, especially if easier, they'd do it. Respectfully, I don't care about, or for, your opinion, so again, there's no need to reply, this time though I will be blocking you so I can't even see if/when you reply, and muting this conversation thread so I don't get notifications from anyone else from this. Plus, my account gets wiped every few days anyway so this conversation will be all but gone soon.

Electronic_Drama_727

Even FIRE reinvest, they just phrase it as "investing in their future". Everyone wants to continue to get richer, regardless if its 10k - 100k, 100k to 1mil, or 1mil to 10mil.

tumi12345

there is a very large subset of people that have no desire to get rich beyond their own physical spending capacity. i think that's what the other commenter is referring to. most people have a perceived level of wealth that they want, not infinite money growth like most greedy billionaires. the existence of the FIRE movement is evidence of this phenomenon.

coupl4nd

Moisturised, relaxed, happy in my lane. I trust in BTC. It will crash 50% and make it back eventually. Just forget about it. If you check it every second you'll go nuts. I'm not selling until it gives me the ability to have full financial independence. Thats at about 400k per btc at the moment but it's coming down pretty quick and within a few years I will FIRE.

BRVM

On my podcast ‘Bitcoin for Millennials’ I talked with Trey Sellers, who writes about the intersection of the FIRE movement and Bitcoin. We discuss Bitcoin’s role in achieving financial independence, why it’s FIRE-friendly, how it lets you retire early without sacrificing lifestyle, and the freedom it offers from fiat dependency.

raknaii

Even when retiring. It’s unthinkable to sell more than a few percent of your stack every year. I’m FIRE’d and selling 3% of my non-btc investments to pay for everything and not touching my bitcoin until I need to. I might entertain rebalancing when my bitcoin is worth 70%+ of my networth

dmx442

Congratulations! Had the same last cycle, now on the road to FIRE.

instant_king

You can do some research on FIRE. This is pretty much how it's done. Monthly expenses \* 12, and then multiply by 25, to follow the 4% rule.

Fun_Investigator4833

r/FIRE is the place for this. If you invest your money well diversified you can take out 4% a year and live on that.

Warrlock608

Depends on the lifestyle you want to live. I can get by on next to nothing and plan on doing LEAN FIRE asap. Seriously I can get by on like 45k a year no problem.

PsychologicalPound96

"Go F yourself" is a common way of saying congrats in the FIRE community if you make it to early retirement. No ill will meant when you see it.

igor55

It is possible to FIRE and do it sustainably.  https://networthify.com/calculator/earlyretirement

igor55

I was a low-cost ETF and value investing, boglehead pursuing FIRE before Bitcoin. Bitcoin just way less boring and gets you there much, much faster. Waiting is hard. Bitcoin forced me to wait with it's volatility and 4 year cycles.

SnooOranges964

If you are going to FIRE off BTC… just remember to move and get a fresh start first your new phase in your life. Thats my plan

sid741445

Oh that makes sense. My strategy is to DCA for 5 years for FIRE so yeah bitcoin seems like a good investment.

raknaii

I FIRE’d 3 years ago and use about 3%

codingwithcoffee

Google the Bitcoin FIRE calculator or Bitcoin Retirement Calculator. Both do a good job of this calculation. The Bitcoin FIRE calculator uses the power law model and let's you specify your tax rate too. Bitcoin FIRE Calculator [https://bitcoincompounding.com/](https://bitcoincompounding.com/) Bitcoin Retirement Calculator [https://calc.bitcoineracademy.com/](https://calc.bitcoineracademy.com/)

Difficult_Pool_5608

It helps me to keep my mind focused on BTC’s increasing purchasing power, and its longterm purchasing power, as opposed to the immediate gains. BTC is a digital commodity that can be directly traded for goods and services, more of an asset-backed savings account. Whether some people want to accept it or not, BTC is a currency at its core, just a currency that designed to increase in value. Don’t feel bad for selling, you took the profits that were there. But now you know they could have been greater, and will be, so set yourself a date to hold until (like a FIRE date), unless you need it before like a life emergency. But even then, only sell when you need it for something (buy a house, car, kids college, even bills), never just to stack more fiat in your bank account to look at.

TTOVpodcast

I talk with Sovereign Origin about his concept FITS (Financially Independent, Time Sovereign) a new alternative to the traditional FIRE movement (Financially Independent, Retire Early). While both approaches aim to escape the “rat race,” FITS redefines the pursuit of financial independence through the lens of Bitcoin, focusing on sovereignty over one’s time with a unique perspective towards wealth, work, and life. We had a great talk about the FITS concept, exploring some of the technical aspects, as well as some of the challenges inherent in the traditional FIRE approach which is built on the premise of the ongoing growth of the stock market and ultimately is not truely independent because the state can always come and turn off or confiscate your retirement fund – Something they can’t do with Bitcoin.

Designer-Beginning16

My FIRE number, by the way, is 2M€ with a paid house. That would be around 48 BTC at current prices (not counting CGT though).

Designer-Beginning16

You are right on this. I think a good strategy would be to buy the house with a mortgage while still working (pre-FIRE).

Mintala

I'm in Norway, not many FIRE here but I'm sure more people would if they could. I certainly would.

Designer-Beginning16

Do you live in the US? 🇺🇸 Because for Americans FIRE numbers might differ. Europe : I don’t think many people FIRE in Norway. Switzerland 🇨🇭 could be an equivalent country where FIRE with 50 BTC would be less obvious. I agree with the people giving 40-50 BTC numbers for FIRE at current prices. You can’t FIRE expecting super high BTC prices that for the moment, haven’t arrived yet (and there’s no certainty they will). So in conclusion, I agree with your estimates :-)

Mintala

Yes but it's still not fucking insane like the first comment I replied to says. In spain it would be, for many in more expensive countries like Norway it wouldn't be. I know several people making more than that, my husband probably will in a couple years and I expect I will as well in 6 years or so. If 50 btc is fucking insane, then what's a more sane number? If we say 20btc, it would almost equal the median salary in Norway, for many it would be more than they will ever earn at a job, but for many others it would be less than they currently make. I could personally FIRE ON 30BTC, but it would feel a lot more secure at 40 and that's using the 4% rule, but it's more recommended to use 3% and that gives an annual pay of 108k-22%tax = 84.6k in Norway, which is far from insane.

Designer-Beginning16

I can guarantee you that with $140k and $100K+ post taxes (or 8.5k€ monthly) -CGT 26%- you can FIRE in Spain, and in any country in Europe. You can even FIRE twice easily.

lazylonewolf

In FIRE circles, it's 25 times your annual EXPENSES, not income (in other words, 25 years of expenses saved up). That's with most of your savings in index funds or 8-10% yearly returns. So the real number is a lot lower than that with Bitcoin's relatively insane returns. Most Bitcoiners remember the "Keep stacking sats" of the saying, but not the "stay humble" part, which is why I still advocate for being frugal for most people (or you hate the consumerism) so you don't need that much to retire. In my case, I just need at least 1-1.5 BTC that's currently valued in my fiat currency to retire.

-0909i9i99ii9009ii

They're right because we're talking dream scenario. If you were yielding 50k/year then more than half of people would still work to improve their income. 140k still has to pay capital gains tax. 4% is considered a bit aggressive these days and many consider 3% standard safe withdrawal. Unfortunately even 120k/year is not rich anymore, in most of the major cities that have the jobs that pay this much. Also lack of healthcare (which I do not think is a good thing) necessarily redistributes $ into salaries and income, and increases annual out of pocket costs (unhides those costs). They're wrong anyways because the question was asked in BTC sub and it completely disregards BTC and just gives a FIRE answer. If you're interested in understanding more look into the difference in discussion between r/Fire and r/fatFIRE.

DarthBen_in_Chicago

[Bitcoin FIRE calculator](http://bitcoincompounding.com/)

doctorbirdee

Exactly lol. Exactly. This is from my newsletter and I spent a lot of time on this. Wanted to share to maybe teach someone something or provide a different perspective to the FIRE movement but from the crypto perspective. Virtual hug!

Keats852

Lol I was seriously thinking about buying an affordable house in Italy to FIRE to. I guess that won't happen now. Off to Japan we go

Monkeyinchief

Sure with a fake FIRE economy, cooked books in regard of inflation, unemployment and GDP everything is pink and super duper 🤪

eyedude2898

I got started investing in the S&P about a decade ago using his advice, and it's worked out well. But the FIRE community has a strange aversion to Bitcoin. When you bring it up, they immediately stonewall any thought of it. It's really a lack of understanding of what Bitcoin is and an unwillingness to learn. Their advice is fine as a one size fits all investment strategy, but it's hard to deal with the close mindedness at times, so I've moved on from that community.

Appropriate-Talk-735

I think stocks can do well for some time but these FIRE guys should start looking into bitcoin. I guess the less old ones already do.

FieserKiller

my strategy is simple: stack sats and then FIRE at 50. From there on I'll pull 4 years of living expenses from my stack at the hight of every cycle

HSuke

I was one of the earliest people in the Boglehead and FIRE communities. Besides crypto, the rest of finance is really slow and boring. Crypto is one of the few remaining frontiers that's constantly producing chaos and shitshows, and I'm here to watch.

HSuke

After investing for 30+ years, everything else in Finance becomes really boring, especially FIRE. I'm just here to watch others fuck around amid chaos.

DarthBen_in_Chicago

Considering using the [Bitcoin FIRE Calculator](http://bitcoincompounding.com/)

YellowCore

[https://bitcoincompounding.com/](https://bitcoincompounding.com/) BTC FIRE Calculator