Rask’s Financial Independence, Retire Early (FIRE) course is a free online program aimed at helping you understand the basics of the FIRE movement both in Australia and globally. Financial literacy courses in Australia can be hard to come by (especially if they’re free), so get started today and take control of your financial future!
Does financial independence sound appealing?
Does the idea of financial independence sound intriguing?
Honestly, who wouldn’t be just a little curious…
The Financial Independence Retire Early movement (lovingly known as the FIRE movement) started to gain traction worldwide over the last few years.
It has completely changed my perspective on life and money.
And I hope it’ll be a game-changer for you too.
The idea that you can build wealth to a level where you can be self-sufficient and take complete control over your time is a game-changer, and the main thing is, it’s actually achievable.
This course breaks down the different paths to FIRE, shows you real-life examples of Aussies who are working towards FIRE or have already reached their goals, and helps you build your own plan to FI, in a way that works for you (so why not give it a go).
What is the financial independence, retire early (FIRE) movement?
FIRE is all about increasing your savings rate, consuming less, pursuing happiness, and having the financial freedom and flexibility to choose if, how, and when you work.
FIRE is not necessarily about frugality (although some pursue it that way). Nor is it about retiring to do nothing all day for the rest of your life.
The retirement part is optional. The key concept to remember is that by being financially independent you have more opportunities to live life on your own terms and make decisions from a position of strength.
When you achieve financial independence you gain the ability to live off of your personal finances, without the requirement of a salary to maintain your lifestyle.
I guess the big attraction of financial independence for me is the feeling of empowerment it can give you. For me, it’s not necessarily about early retirement (although I may choose that), but the ability to make choices from a position of strength and give back to the world.
A common aim within the FIRE movement is to have 25x your annual cost of living invested in a diversified portfolio, with a safe annual withdrawal rate of 4%.
What are some core principles of the FIRE movement?
- Increase your income and spend much less than you earn.
- Live within your means and don’t get caught up chasing materialistic things.
- Invest your money with the aim of building a portfolio which will cover your living expenses indefinitely.
- Gain a thorough understanding of your financial situation and set and pursue solid financial goals.
- Learn about personal finances and investing.
- Give back to the local community and share your skills and experiences with others.
- Pursue your passions and stop trading your time for money.
By enrolling in this awesome free course, you’ll discover the key elements of the financial independence movement, and how you can go about maximising the freedom and choices in your own life.
What does this FIRE course cover?
This course is designed for individuals and couples who are interested in exploring the concept of FIRE and everything it entails.
It introduces you to key ideas like different paths to financial independence, lifestyle design, the importance of investing ASAP, and ways to increase your income.
We dive into the following lessons throughout the course, which will help you create your own financial independence plan:
- Introduction to FIRE
- Is FIRE right for you?
- Paths to FIRE
- Preparing for FIRE
- Reducing expenses & increasing your income
- Investing towards FI
- Building a business to FI
- Playing the long game
- Building Your Ideal Life
- Learning into the future
By the end of this course, you will know if FIRE is a good fit for you and be well on your way to designing your ideal life!
So, what are you waiting for?
Get the fire started!