Today Gloria is joined by her friends Patrick and Alex. They discuss the FIRE, or financial independence retire early movement. We chat about what the movement is, how to get there, our journeys, and why we want to reach FI. We also get into how to talk about money with your partner, and Patrick and Alex share their perspectives on money, happiness and being transparent with regard to money when in a relationship. Hope this inspires others to perhaps begin their own FI journey, whatever that may look like.

Key Takeaways

  1. You’ve technically reached “FI” once you have invested 25x your annual expenses. You can withdraw 4% and live off of your investments and can now live a work optional life!
  2. Have very transparent conversations about money when you’re in a relationship with someone
  3. Don’t get caught up in what others do on social media or in your circle – make sure you are aligned on what your priorities are and that leads into how you build your relationship with money
  4. Personal finance is personal. It’s your money – you can do whatever you want with it

Listen Now!

Links

Mr Money Mustache Blog

FI Calculator

Reddit – FICAN

Reddit – Financial Independence

Sign up for no-fee banking with Tangerine or EQ using my referral code!

Tangerine – new accounts get 2.5% interest (first 5 months), use my Orange key: 40411403S1

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EQ Bank – all accounts get 1.5% interest:

https://join.eqbank.ca?code=GLORIA1867

Thanks so much for tuning in!

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