A successful entrepreneur living in Southern California, Scott Rieckens had built a “dream life”: a happy marriage, a two-year-old daughter, a membership to a boat club, and a BMW in the driveway. But underneath the surface, Scott was creatively stifled, depressed, and overworked trying to help pay for his family’s beach-town lifestyle. Then one day, Scott listened to a podcast interview that changed his life. Five months later, he had quit his job, convinced his family to leave their home, and cut their expenses in half. Follow Scott and his family as they devote everything to FIRE (Financial Independence Retire Early), a subculture obsessed with maximizing wealth and happiness. Filled with inspiring case studies and powerful advice, Playing with FIRE is one family’s journey to acquire the one thing money can’t buy: a simpler — and happier — life.
We have assembled the foundational information to get your start on the right foot down the FIRE path to financial independence.
How to Reach Financial Independence
Now that you know what FIRE is and why there is a growing movement of people who are aspiring to reach FIRE — or who have already succeeded — you might start wondering if this is something you could achieve.
Playing with FIRE forward
Playing with FIRE book forward written by Pete Adeney, a.k.a. Mr. Money Mustache
What is the Mega-Backdoor Roth Strategy?
Individuals with high incomes are usually not allowed to use a Roth IRA, but a mega-backdoor Roth conversion strategy is one way for these individuals to contribute up to $39,500 to a Roth IRA, get the tax-free benefits on the growth of these monies, and then withdraw the funds in retirement.