About A Family on FIRE:
We’re a married couple living in Melbourne, Australia in our mid-30s with a toddler and a dog. Ms FireMum primarily writes on this blog. Both Mr FireDad and Ms FireMum work full time in corporate jobs. We don’t hate our jobs, but it would be nice to have the option to choose to work, instead of needing to work. Our parents taught us the importance of putting money away for a rainy day, and passive investing. In our minds we always thought that the reason we invested was to avoid being on the pension (which is a great safety net provided by the Australian Government, but really not enough to live on comfortably). So we started investing in property in our mid twenties with not much of a plan beyond thinking that we’d pay it off in 30 years, and that would allow us to retire comfortably at 60. Then I stumbled across the FIRE movement, and found out that some people were able to retire in their 30s. I thought that was impossible without winning the lottery or coming into a large inheritance, but the more I read about FIRE, and, the more hooked I became. Why target financial freedom at 60, when we could aim for 50? Or even 40?