Hi all, I see lots of subscribers in this community. What stage of FIRE are you guys in? curious about the demographic in here.

  • Neither FI nor RE
  • FI but not RE
  • FIRE’d
  • ?

I am in the first category, working towards FI for seven years now and recently reached 100K NW. Unfortunately I live in very HCOL area so I still have long ways to go 🥲

  • incogtino
    9·
    1 year ago

    You missed Coast/Barista in your hierarchy

    Financial position Not retired Semi-retired Retired
    Pre FIRE x - -
    Coast x x -
    Barista x x -
    FI x x x

    The difference between Coast and Barista is whether your non-investment income fully covers expenses. To Barista FIRE you must have a bit more invested to support some level of draw-down

    • Sniffy@sh.itjust.worksOP
      5·
      1 year ago

      thank you, I was not sure about the detailed hierarchy. So Coast is working with regular full time instead of part time? That seems like what most people would prefer by continuing their current jobs… rather than quitting it to have a more labor intensive part time job.

      • incogtino
        7·
        1 year ago

        Coast is working enough that you don’t have to touch your investments (whether working full or part time, so you can be semi-retired). Your investments are forecast to grow to your retirement goal without any more saving

        Barista is working full or part time in something that doesn’t pay enough to cover your day to day expenses, but it’s ok because you have enough capital to draw on your investments without compromising your retirement goals