This Guy Retired Early Using Coast FIRE & Shares His Experience | Exploring Alternate Lifestyles
Some of you guys may have seen this video already as I posted it on the community section of my Youtube Channel the other day, for those of you who havn't, if you find personal finance and the idea of retiring early, FIRE, LeanFire, Coast FIRE, if you find all that type of stuff interesting you'll probably enjoy this video so I'll link to it below...
Essentially the idea of Coast FIRE or Barista FIRE, which I covered in another recently video which I'll link to below. Essentially the idea is that you live frugally and try to save as much money as possible, while trying to increase your income which in turn increases your savings rate or the amount of money your able to save or invest. And if you're able to stockpile a good amount of money at a young age to where your money has a couple decades to compound, you can potentially do barista fire or coast fire which has different definitions but essentially means take a lower stress, oftentimes lower paying job, and work less, have a better work life balance, but still be able to cover your expenses. Again my video about Barista FIRE is here...
I don't think there's any right way or wrong way to live your life. Some people like nice things, that's cool. Some people value leisure time and hobbies and a work life balance more.
Essentially with this video I just want to present some different lifestyle choices so you can decide for yourself what's right for you.
What's your thoughts on early retirement or the Barista FIRE or Coast FIRE lifestyle? Is it something you would ever consider doing?
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Very cool! This is the first I have heard of this.
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