Coast FIRE
Coverage of Coast FIRE in the Nexus archive.
- What is Coast FIRE for retirement and can it work for you?
Coast FIRE is an alternative to the traditional FIRE movement where individuals invest aggressively early on until they reach a target 'Coast FIRE number.' Once this amount is hit, investments are expected to grow without additional savings, allowing people who still work to spend more in the present. Experts suggest younger workers save aggressively initially, while others can use calculators to check their progress toward reaching Coast FIRE.
- A financial influencer called the FIRE movement a 'sham.' People who have made it work say she's missing the point.
Financial influencer Haley Sacks criticized the FIRE movement as a 'sham' and 'financial anorexia,' while FIRE practitioners argue her critique misrepresents the movement's modern, flexible approach. Advocates emphasize FIRE has evolved beyond extreme saving to a personalized strategy that prioritizes financial freedom without excessive deprivation.
- Young investors are pursuing a more chill version of the FIRE movement. It can lead to less work without extreme saving.
Young investors are adopting Coast FIRE, a less extreme version of the traditional FIRE movement, allowing flexibility without aggressive savings. Andy and Nicole Hill, along with Amberly Grant, exemplify this approach, which enables maintaining current expenses while relying on portfolio growth for retirement.
- A millennial who hit 'Coast FIRE' says the first step to financial independence has nothing to do with number-crunching
Andy Hill achieved 'Coast FIRE' in 2020, allowing him to quit his corporate job. He emphasizes that the first step toward financial independence is 'dreaming' about an ideal life rather than focusing on numbers. Coast FIRE involves building a portfolio that grows via compound interest to reach retirement goals without requiring full-time work.