FIRE book recommendation request.
FIRE book recommendation request.
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
Thanks
Never underestimate the power of the force of low cost index funds.
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Re: FIRE book recommendation request.
Not a book, but the Mad Fientist blog and podcast and physician on fire are 2 great pools of knowledge
Re: FIRE book recommendation request.
Work Less, Live More by Bob Clyatt
Re: FIRE book recommendation request.
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
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
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Re: FIRE book recommendation request.
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"?).
Re: FIRE book recommendation request.
Thanks for the recommendations so far.
Keep them coming. I'm adding to my amazon list as I type.
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.
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Re: FIRE book recommendation request.
I would say you are better off collecting blogs and podcasts.
ChooseFI
ChooseFI
- CollegePrudens
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Re: FIRE book recommendation request.
The new version is out. I have read the original version 1992.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.
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.
We need to learn to want what we have, not to have what we want, in order to get stable and steady happiness - The 14th Dalai Lama
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Re: FIRE book recommendation request.
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 isCollegePrudens wrote: ↑Wed May 16, 2018 1:04 pmThe new version is out. I have read the original version 1992.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.
"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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Re: FIRE book recommendation request.
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.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.
We need to learn to want what we have, not to have what we want, in order to get stable and steady happiness - The 14th Dalai Lama
Re: FIRE book recommendation request.
Stocks-80% || Bonds-20% || VTI/VXUS/AOR
Re: FIRE book recommendation request.
Yep, this is the one I would recommend as well. The best one out there.lostdog wrote: ↑Wed May 16, 2018 2:34 pm The Simple Path to Wealth.
https://www.amazon.com/dp/B01H97OQY2/re ... TF8&btkr=1
Re: FIRE book recommendation request.
without a doubt this one.lostdog wrote: ↑Wed May 16, 2018 2:34 pm The Simple Path to Wealth.
https://www.amazon.com/dp/B01H97OQY2/re ... TF8&btkr=1
Re: FIRE book recommendation request.
He recommends just VTSAX, Vanguard Total Stock Market. I took it a step further and use VTWSX, Vanguard Total World.snowman wrote: ↑Wed May 16, 2018 3:17 pmYep, this is the one I would recommend as well. The best one out there.lostdog wrote: ↑Wed May 16, 2018 2:34 pm The Simple Path to Wealth.
https://www.amazon.com/dp/B01H97OQY2/re ... TF8&btkr=1
If you believe in International investing just replace his recommendation of VTSAX with VTWSX.
Stocks-80% || Bonds-20% || VTI/VXUS/AOR
Re: FIRE book recommendation request.
Thanks. I'm actually surprised that I haven't read this one yet.lostdog wrote: ↑Wed May 16, 2018 2:34 pm The Simple Path to Wealth.
https://www.amazon.com/dp/B01H97OQY2/re ... TF8&btkr=1
Never underestimate the power of the force of low cost index funds.
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Re: FIRE book recommendation request.
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)
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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Re: FIRE book recommendation request.
I was thinking the same thing.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)
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.
Re: FIRE book recommendation request.
Excellent recommendation!lostdog wrote: ↑Wed May 16, 2018 2:34 pm The Simple Path to Wealth.
https://www.amazon.com/dp/B01H97OQY2/re ... TF8&btkr=1
Most of the book can be found in his Blog: http://jlcollinsnh.com/stock-series/