FIRE book recommendation request.

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ofcmetz
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FIRE book recommendation request.

Post by ofcmetz » Wed May 16, 2018 11:38 am

I'm about to take a little four day cruise out of Tampa, FL and am looking for some good books on FIRE that I can download onto my Kindle Paperwhite. I believe that FIRE is the the correct acronym for Financially Independent Retire Early. I'm a year from turning 40 and a year or so from being able to retire if I decide to do so. Please make your recommendations.

Thanks
Never underestimate the power of the force of low cost index funds.

Country road$
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Re: FIRE book recommendation request.

Post by Country road$ » Wed May 16, 2018 11:48 am

Not a book, but the Mad Fientist blog and podcast and physician on fire are 2 great pools of knowledge

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CyberBob
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Re: FIRE book recommendation request.

Post by CyberBob » Wed May 16, 2018 12:26 pm

Work Less, Live More by Bob Clyatt

2015
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Re: FIRE book recommendation request.

Post by 2015 » Wed May 16, 2018 12:30 pm

Congratulations on considering retirement! Best thing I've ever done in my life.

In my usual fashion, I read a bunch of retirement books just before retirement. I guess they helped me psychologically prepare, but the reality is I haven't based my 3 year retirement (as of yesterday!) on any of those books. Retirement sort of took on a life of it's own and I somehow fell into a rhythm.

This stated, I found these books very useful pre-retirement:

1) What Color Is Your Parachute For Retirement?: (highly recommend! contains lots of resources and great information);
2) My Next Phase;
3) Retirement Comfort Zones;
4) The Joy Of Retirement;
5) Thinking Smarter: Seven Steps To a Fulfilling Retirement

TravelGeek
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Re: FIRE book recommendation request.

Post by TravelGeek » Wed May 16, 2018 12:44 pm

A classic / the bible for the FIRE community seems to be Vicky Robin's "Your Money or Your Life". I have not had the time to read it, but I did read that she is working on a new updated edition. Mad Fientist had her on one of his podcasts, and she also features prominently on the cover of the most recent Money magazine (does that make her the "cover girl"?).

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ofcmetz
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Re: FIRE book recommendation request.

Post by ofcmetz » Wed May 16, 2018 12:53 pm

Thanks for the recommendations so far. :D

Keep them coming. I'm adding to my amazon list as I type.
Never underestimate the power of the force of low cost index funds.

PFInterest
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Re: FIRE book recommendation request.

Post by PFInterest » Wed May 16, 2018 12:55 pm

I would say you are better off collecting blogs and podcasts.
ChooseFI

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CollegePrudens
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Re: FIRE book recommendation request.

Post by CollegePrudens » Wed May 16, 2018 1:04 pm

TravelGeek wrote:
Wed May 16, 2018 12:44 pm
A classic / the bible for the FIRE community seems to be Vicky Robin's "Your Money or Your Life". I have not had the time to read it, but I did read that she is working on a new updated edition.
The new version is out. I have read the original version 1992.

OP - if you are already a boglehead and one year away from FIRE, you may already know most of what is in this (atleast the 1992 version) book. Nevertheless, it may worth reading to cover angles that you may not have spent time on before. It also helps that many other FIRE-friendly people have read this particular book - i.e. it provides a baseline of sorts for conversations.
Live as if you were to die tomorrow; learn as if you were to live forever - Gandhi

TravelGeek
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Re: FIRE book recommendation request.

Post by TravelGeek » Wed May 16, 2018 1:19 pm

CollegePrudens wrote:
Wed May 16, 2018 1:04 pm
TravelGeek wrote:
Wed May 16, 2018 12:44 pm
A classic / the bible for the FIRE community seems to be Vicky Robin's "Your Money or Your Life". I have not had the time to read it, but I did read that she is working on a new updated edition.
The new version is out. I have read the original version 1992.
Thanks - I looked on Amazon and only saw the 2008 version. Or what I thought was the 2008 version. Looking again, that seems to be a mistake - the title is

"Your Money or Your Life: 9 Steps to Transforming Your Relationship with Money and Achieving Financial Independence: Fully Revised and Updated for 2018 Paperback"

and shows a publication date of December 10, 2008.

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CollegePrudens
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Re: FIRE book recommendation request.

Post by CollegePrudens » Wed May 16, 2018 1:23 pm

TravelGeek wrote:
Wed May 16, 2018 1:19 pm
Thanks - I looked on Amazon and only saw the 2008 version. Or what I thought was the 2008 version. Looking again, that seems to be a mistake - the title is

"Your Money or Your Life: 9 Steps to Transforming Your Relationship with Money and Achieving Financial Independence: Fully Revised and Updated for 2018 Paperback"

and shows a publication date of December 10, 2008.
Yeah - there is something funky about the title as listed on Amazon. I suspect the publishers are attempting to update the "Edition in place" so as not to split the audience among multiple versions.
Live as if you were to die tomorrow; learn as if you were to live forever - Gandhi

lostdog
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Re: FIRE book recommendation request.

Post by lostdog » Wed May 16, 2018 2:34 pm

100% Vanguard Total World Equity Index. Simplicity 100%.

snowman
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Re: FIRE book recommendation request.

Post by snowman » Wed May 16, 2018 3:17 pm

lostdog wrote:
Wed May 16, 2018 2:34 pm
The Simple Path to Wealth.

https://www.amazon.com/dp/B01H97OQY2/re ... TF8&btkr=1
Yep, this is the one I would recommend as well. The best one out there.

FIBoston
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Re: FIRE book recommendation request.

Post by FIBoston » Wed May 16, 2018 3:21 pm

lostdog wrote:
Wed May 16, 2018 2:34 pm
The Simple Path to Wealth.

https://www.amazon.com/dp/B01H97OQY2/re ... TF8&btkr=1
without a doubt this one.

lostdog
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Re: FIRE book recommendation request.

Post by lostdog » Wed May 16, 2018 3:23 pm

snowman wrote:
Wed May 16, 2018 3:17 pm
lostdog wrote:
Wed May 16, 2018 2:34 pm
The Simple Path to Wealth.

https://www.amazon.com/dp/B01H97OQY2/re ... TF8&btkr=1
Yep, this is the one I would recommend as well. The best one out there.
He recommends just VTSAX, Vanguard Total Stock Market. I took it a step further and use VTWSX, Vanguard Total World.

If you believe in International investing just replace his recommendation of VTSAX with VTWSX.
100% Vanguard Total World Equity Index. Simplicity 100%.

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ofcmetz
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Re: FIRE book recommendation request.

Post by ofcmetz » Wed May 16, 2018 3:51 pm

lostdog wrote:
Wed May 16, 2018 2:34 pm
The Simple Path to Wealth.

https://www.amazon.com/dp/B01H97OQY2/re ... TF8&btkr=1
Thanks. I'm actually surprised that I haven't read this one yet.
Never underestimate the power of the force of low cost index funds.

TravelGeek
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Re: FIRE book recommendation request.

Post by TravelGeek » Wed May 16, 2018 3:57 pm

I'd hope that the OP, a long-time BH, is already far along on the path to wealth if he's considering retiring early in a year or so ;)

So is that really the book he should be looking for? (I haven't read it, so asking for myself as well)

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DaftInvestor
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Re: FIRE book recommendation request.

Post by DaftInvestor » Wed May 16, 2018 4:34 pm

TravelGeek wrote:
Wed May 16, 2018 3:57 pm
I'd hope that the OP, a long-time BH, is already far along on the path to wealth if he's considering retiring early in a year or so ;)

So is that really the book he should be looking for? (I haven't read it, so asking for myself as well)
I was thinking the same thing.
If the OP is stating he can retire in a year if he wants he has already reached FIRE so why read about how to get to FIRE?
Perhaps more of the "I'm about to retire" variety.

Hiwatter
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Re: FIRE book recommendation request.

Post by Hiwatter » Thu May 17, 2018 10:01 am

lostdog wrote:
Wed May 16, 2018 2:34 pm
The Simple Path to Wealth.

https://www.amazon.com/dp/B01H97OQY2/re ... TF8&btkr=1
Excellent recommendation!

Most of the book can be found in his Blog: http://jlcollinsnh.com/stock-series/

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