The FINE (Not FIRE) Movement — Jill on Money
www.jillonmoney.com
Forget the FIRE movement, I'm all about the FINE movement, a new acronym that was sent to us by a listener. Financial Independence, Next Endeavor. Having that financial stability to be able to pick and choose your next journey. That's the gist of the conversation with our latest caller. Have a mone

Link is to an older podcast episode, and The Money Guy YouTube channel occasionally talks about FINE instead of FIRE.

Here’s the definitions of each:

  • FINE - Financial Independence Next Endeavor
  • FIRE - Financial Independence Retire Early

Basically, FINE focuses on what you plan to do after achieving financial independence, whereas FIRE tends to focus on cessation of working. I always called it FI (leave off the retirement part), but I suppose FINE works.

Anyway, just wondering what everyone else is planning to do once they hit Financial Independence, whether that’s retirement or starting something new. I’ll leave mine in the comments.

  • sugar_in_your_teaOPM
    5·
    1 month ago

    I’m about 10 years away and haven’t 100% decided what I’m going to do, but that should be around the time my oldest leaves the house. Here are some things I’ve thought about, in rough order of my passion for each:

    • join/start a charity to help people get out of debt, perhaps with low-interest loans based on behavior instead of credit
    • make video games, and perhaps start an indie studio
    • run for local office - I don’t want to be a politician, but my state legislators have run unopposed ever since I’ve lived here
    • really get into carpentry - I may do this before hitting FI, I’ve been wanting to build a treehouse for my kids for a couple years now

    I’ll probably do one of the first two, we’ll see about the rest.

      • sugar_in_your_teaOPM
        3·
        1 month ago

        Yup, planning to write up some plans this winter so I can build it in the spring. Have kids from 4-10, so I think it’s the perfect time to build one, and my SO has been begging for a mini playground, which I’ve pushed back on because we have a park within walking distance.

  • LazerDickMcCheese
    5·
    1 month ago

    I’m living FIRE, but the “next endeavor” is, and always has been (in my opinion), to create generational wealth

  • karpintero@lemmy.world
    4·
    1 month ago

    I think about my next endeavors a lot. I make it a point to invest some time in them now while I still have the energy. I know some people who retired and felt a little lost because work was their raison d’etre or they were waiting for retirement to pick up a hobby.

    If I hit FI, I plan on immersing myself in my hobbies (playing guitar, photography, gardening), building furniture for family and friends, and exercising more. And spending time in nature.

    Also, since my dog is a recue, my altruistic pipe dream is to make enough money so I can buy some land and adopt a bunch of shelter dogs. Maybe even start a non-profit so I could pay the people who work at rescues a decent wage bc some of them are saints.

  • fnie@lemm.ee
    3·
    24 days ago

    I will probably just keep working and saving to maximize the chances that my kid never has to answer to a boss for shelter, food, and health.

    But after achieving FI, work should take on a new feel since my family and I won’t depend on it to survive.