What we're about

The FIRE (Financial Independence, Retire Early) movement is a lifestyle movement whose goal is financial independence and retiring early. The model is particularly popular among millennials, gaining traction through online communities via information shared in blogs, podcasts, and online discussion forums and small peer to peer group meetings in local areas.

Those seeking to attain FIRE intentionally maximize their savings rate by finding ways to increase income or decrease expenses. The objective is to accumulate assets until the resulting passive income provides enough money for living expenses in perpetuity. Proponents of the FIRE movement suggest the 4% rule as a guide, thus setting a goal of at least 25 times estimated annual living expenses. Upon reaching financial independence, paid work becomes optional, allowing for retirement from traditional work decades earlier than the standard retirement age.

The main ideas behind the FIRE movement originate in the 1992 best-selling book Your Money or Your Life written by Vicki Robin and Joe Dominguez, as well as the 2010 book Early Retirement Extreme by Jacob Lund Fisker. These works provide the basic template of combining simple living with income from investments to achieve financial independence. In particular, the latter book published the relationship between savings rate and time to retirement which allowed individuals to quickly project their retirement date given an assumed level of income and expenses.

Started in 2011, the Mr. Money Mustache blog is an influential voice that generated interest in the idea of achieving early retirement through frugality and helped popularize the movement. Other blogs and podcasts continue to refine and promote the FIRE concept, which is intensely discussed in online discussion forums. In 2018, the FIRE movement received significant coverage by traditional mainstream media outlets. According to a survey conducted by The Harris Poll later that year, 11% of wealthier Americans aged 45 and older have heard of the FIRE movement by name while another 26% are aware of the concept.

We are the local SFBAY MeetUp one of the many FIRE groups in the area.

We try to hold meetings around the Bay Area to provide convenient locations for all to come and share their journey.

So far we have regular meetings in Standford (Peninsula), Fremont, Oakland, San Francisco & Marin County also.

We need some more organizers to help us find venues in San Jose, San Francisco, South San Fran, and other East Bay locations.

Resources:

http://www.mrmoneymustache.com (http://www.mrmoneymustache.com/)

https://www.madfientist.com (https://www.madfientist.com/)

https://www.1500days.com/start-here/

https://www.facebook.com/groups/ChooseFI/

Bay Area FIRE on FB: https://www.facebook.com/groups/1529303437150828/

As we grow together, our team will keep you posted on new developments.

Thank you

TEAM SFBAY-FIRE

Upcoming events (4)

SF Public Library (Civic center) - Financial Freedom Workshop 4 of 6

San Francisco Public Library

San Francisco PUBLIC LIBRARY if presenting Financial Freedom Workshops Series These are FREE for all to attend. Great for those starting on the journey of taking control of their financial situation, but do not know where t start. These workshops will give you a broader picture of personal finances and concepts that you may need in your journey. These are non-sales based workshops so no products are discussed or sold. Here are the workshops and brief info on each Workshop 1: Increasing Cash Flow and Managing Debt Friday Sept 27th2019 3:pm – 5:00 pm In this eye-opening workshop, we discuss two main concerns in building a financial future as we look to shift the mindset from spending first to saving first. We will look at over 20 different ways to save money as well as sharing strategies on how to best manage existing debt and setting a strong mindset and foundation for upcoming topics in the workshop series https://sfplff1.eventbrite.com Workshop 2: Proper Protection Friday Oct 4th2019 3:pm – 5:00 pm This workshop focusses on understanding the X-Curve and how to best manage the "responsibility" curve that so many people struggle to understand and quantify. Though primarily focused on the protection component of our finances, we start to look at ways to build wealth, develop tax shelters, and manage healthcare issues. https://sfplff2.eventbrite.com Workshop 3: Understanding Savings and Retirement Friday Oct 11th2019 3:pm – 5:00 pm As we start to build up our financial house, this workshop discusses the basics on money including building up a strong emergency fund and working towards building future wealth through the concept of the wealth formula. Understanding money and its various components (time, rate of return, inflation, taxes, etc...) is essential in building a strong, predictable future, and this workshop covers a lot of what is necessary to do that. https://sfplff3.eventbrite.com Workshop 4: Wealth and Asset Accumulation Friday Oct 18th2019 3:pm – 5:00 pm As we build wealth, it is important to have strategies that don't depend on savvy financial knowledge and skills. This workshop focusses on those strategies that everyone can utilize and implement to manage risk, avoid the emotional pitfalls of fear and greed, and at the same time expand their diversity among many different financial options. https://sfplff4.eventbrite.com Workshop 5: Utilizing Investment Vehicles Friday Oct 25th2019 3:pm – 5:00 pm This workshop focusses on understanding the investment landscape and the types of programs that have been and are available from employers as well as on an individual basis. Where are you able to save? What vehicles enable you to save long term and how do they work to your advantage/disadvantage? We will also discuss the college planning landscape and ideas to best navigate this tricky period of time as we look at the best way to plan for your children’s college at the same time you plan for your retirement. https://sfplff5.eventbrite.com Workshop 6: Having your health and Wealth and Transferring it Friday Nov 1st2019 3:pm – 5:00 pm In this concluding workshop, we discuss the looming healthcare epidemic and how to manage the costs through a proper understanding of the health care system. Lastly, we discuss how to preserve the estate we have spent our entire lives building. https://sfplff6.eventbrite.com

SF Public Library (Civic center) - Financial Freedom Workshop 5 of 6

San Francisco Public Library

San Francisco PUBLIC LIBRARY if presenting Financial Freedom Workshops Series These are FREE for all to attend. Great for those starting on the journey of taking control of their financial situation, but do not know where t start. These workshops will give you a broader picture of personal finances and concepts that you may need in your journey. These are non-sales based workshops so no products are discussed or sold. Here are the workshops and brief info on each Workshop 1: Increasing Cash Flow and Managing Debt Friday Sept 27th2019 3:pm – 5:00 pm In this eye-opening workshop, we discuss two main concerns in building a financial future as we look to shift the mindset from spending first to saving first. We will look at over 20 different ways to save money as well as sharing strategies on how to best manage existing debt and setting a strong mindset and foundation for upcoming topics in the workshop series https://sfplff1.eventbrite.com Workshop 2: Proper Protection Friday Oct 4th2019 3:pm – 5:00 pm This workshop focusses on understanding the X-Curve and how to best manage the "responsibility" curve that so many people struggle to understand and quantify. Though primarily focused on the protection component of our finances, we start to look at ways to build wealth, develop tax shelters, and manage healthcare issues. https://sfplff2.eventbrite.com Workshop 3: Understanding Savings and Retirement Friday Oct 11th2019 3:pm – 5:00 pm As we start to build up our financial house, this workshop discusses the basics on money including building up a strong emergency fund and working towards building future wealth through the concept of the wealth formula. Understanding money and its various components (time, rate of return, inflation, taxes, etc...) is essential in building a strong, predictable future, and this workshop covers a lot of what is necessary to do that. https://sfplff3.eventbrite.com Workshop 4: Wealth and Asset Accumulation Friday Oct 18th2019 3:pm – 5:00 pm As we build wealth, it is important to have strategies that don't depend on savvy financial knowledge and skills. This workshop focusses on those strategies that everyone can utilize and implement to manage risk, avoid the emotional pitfalls of fear and greed, and at the same time expand their diversity among many different financial options. https://sfplff4.eventbrite.com Workshop 5: Utilizing Investment Vehicles Friday Oct 25th2019 3:pm – 5:00 pm This workshop focusses on understanding the investment landscape and the types of programs that have been and are available from employers as well as on an individual basis. Where are you able to save? What vehicles enable you to save long term and how do they work to your advantage/disadvantage? We will also discuss the college planning landscape and ideas to best navigate this tricky period of time as we look at the best way to plan for your children’s college at the same time you plan for your retirement. https://sfplff5.eventbrite.com Workshop 6: Having your health and Wealth and Transferring it Friday Nov 1st2019 3:pm – 5:00 pm In this concluding workshop, we discuss the looming healthcare epidemic and how to manage the costs through a proper understanding of the health care system. Lastly, we discuss how to preserve the estate we have spent our entire lives building. https://sfplff6.eventbrite.com

SF Public Library (Civic center) - Financial Freedom Workshop 6 of 6

San Francisco Public Library

San Francisco PUBLIC LIBRARY if presenting Financial Freedom Workshops Series These are FREE for all to attend. Great for those starting on the journey of taking control of their financial situation, but do not know where t start. These workshops will give you a broader picture of personal finances and concepts that you may need in your journey. These are non-sales based workshops so no products are discussed or sold. Here are the workshops and brief info on each Workshop 1: Increasing Cash Flow and Managing Debt Friday Sept 27th2019 3:pm – 5:00 pm In this eye-opening workshop, we discuss two main concerns in building a financial future as we look to shift the mindset from spending first to saving first. We will look at over 20 different ways to save money as well as sharing strategies on how to best manage existing debt and setting a strong mindset and foundation for upcoming topics in the workshop series https://sfplff1.eventbrite.com Workshop 2: Proper Protection Friday Oct 4th2019 3:pm – 5:00 pm This workshop focusses on understanding the X-Curve and how to best manage the "responsibility" curve that so many people struggle to understand and quantify. Though primarily focused on the protection component of our finances, we start to look at ways to build wealth, develop tax shelters, and manage healthcare issues. https://sfplff2.eventbrite.com Workshop 3: Understanding Savings and Retirement Friday Oct 11th2019 3:pm – 5:00 pm As we start to build up our financial house, this workshop discusses the basics on money including building up a strong emergency fund and working towards building future wealth through the concept of the wealth formula. Understanding money and its various components (time, rate of return, inflation, taxes, etc...) is essential in building a strong, predictable future, and this workshop covers a lot of what is necessary to do that. https://sfplff3.eventbrite.com Workshop 4: Wealth and Asset Accumulation Friday Oct 18th2019 3:pm – 5:00 pm As we build wealth, it is important to have strategies that don't depend on savvy financial knowledge and skills. This workshop focusses on those strategies that everyone can utilize and implement to manage risk, avoid the emotional pitfalls of fear and greed, and at the same time expand their diversity among many different financial options. https://sfplff4.eventbrite.com Workshop 5: Utilizing Investment Vehicles Friday Oct 25th2019 3:pm – 5:00 pm This workshop focusses on understanding the investment landscape and the types of programs that have been and are available from employers as well as on an individual basis. Where are you able to save? What vehicles enable you to save long term and how do they work to your advantage/disadvantage? We will also discuss the college planning landscape and ideas to best navigate this tricky period of time as we look at the best way to plan for your children’s college at the same time you plan for your retirement. https://sfplff5.eventbrite.com Workshop 6: Having your health and Wealth and Transferring it Friday Nov 1st2019 3:pm – 5:00 pm In this concluding workshop, we discuss the looming healthcare epidemic and how to manage the costs through a proper understanding of the health care system. Lastly, we discuss how to preserve the estate we have spent our entire lives building. https://sfplff6.eventbrite.com

Berkeley FIRE Chapter December monthly meeting

Berkeley Public Library West Branch

This is the Berkeley Chapter December meeting. We couldn't get the room at the Berkeley library for November. If anyone can find another suitable location on a Saturday in November, please let Mark Sifling know and we'll schedule a November meeting as well. The FIRE (Financial Independence, Retire Early) movement is a lifestyle movement whose goal is financial independence and retiring early. The model is particularly popular among millennials, gaining traction through online communities via information shared in blogs, podcasts, and online discussion forums. This is the Berkeley Chapter meeting. Bring your burning questions around FIRE Great for newbies and veterans alike. Come with an open mind to share & learn from peers who are on the same journey. Post all questions and comments and vote for them using heart 💜 ♥️ 💛 See y'all Disclaimer per library policy: This event is NOT sponsored by the Berkeley public library.

Past events (92)

Berkeley FIRE Chapter October monthly meeting

Berkeley Public Library West Branch

Photos (116)