Ep 22 - LeanFIRE or FatFIRE?

<p>In this episode, we discuss if you should aim for LeanFire or FatFire! We dive into the main differences between the two as well as each ones pros and cons. We also provide examples from reddit on how fatfire can vary immensely from leanfire. We also discuss what our personal preference would be on which one we would rather choose (LeanFire or FatFire)</p> <p>Help support us by joining our Patreon! (<a href='https://www.patreon.com/BrokeMillennialFinance'>https://www.patreon.com/BrokeMillennialFinance</a>)</p> <p>Check out our website for more content: (<a href='https://brokemillennialfinance.net'>https://brokemillennialfinance.net</a>) </p> <p>Subscribe To Our YouTube Channel: (<a href='https://www.youtube.com/c/brokemillennialfinance'>https://www.youtube.com/c/brokemillennialfinance</a>)</p> <p>Here are the referral links for you to join to get your free stocks:</p> <p>Robinhood: (<a href='https://join.robinhood.com/naveras-a23246'>https://join.robinhood.com/naveras-a23246</a>)</p> <p>Webull: (<a href='https://act.webull.com/i/QNmo8WB8Yzc2/74x/'>https://act.webull.com/i/QNmo8WB8Yzc2/ufl/</a>)</p> <p>Coinbase: (<a href='http://coinbase.com/join/khan_st?src=ios-link'>http://coinbase.com/join/khan_st?src=ios-link)</a></p> <p>Show Notes:</p> <ul><li style="font-weight:400;">What is leanfire & fatfire <ul><li style="font-weight:400;">LeanFire is normal fire or someone who lives in the frugality sense and is willing to continue that lifestyle.</li> <li style="font-weight:400;">FatFire is someone who doesn't want to change or get rid of their lifestyle and wants to retire upon that lifestyle. </li> </ul> </li> <li style="font-weight:400;">Normal goal for retirement is to save 25x your annual expenses.</li> <li style="font-weight:400;">Should you go for learnfire? <ul><li style="font-weight:400;">If you plan on cutting all extra expenses from your life.</li> <li style="font-weight:400;">Live in a very frugal manner</li> <li style="font-weight:400;">Live in a low cost area or country.</li> <li style="