There is a spiritual dimension of Financial Independence Retire Early or FIRE that mirrors Eastern Religions that is hinted in Naval Ravikant’s Almanack which I would like to explore in this article.
First I’d like to explore two concepts :
a) The Lesser Wheel of FIRE
The Lesser Wheel of FIRE is what we would typically associate with the FIRE movement – you have a history of basic expenses that you hope to care of with your investment income. When your investment income begins to cover your basic expenses, you gain Nirvana-like freedom from the capitalist world and it opens up whole new possibilities in lifestyle design.
For REDs, you can start a business for world domination. For the rest, it can range from a cessation of corporate ambitions, farming entire salary to stock portfolios, or leaving the workforce entirely for personal hobbies if you are Green.
In many cases, investment income continues to rise after financial independence.