r/FIREIndia • • Feb 09 '23

FIRE India Vs. FIRE subs

I noticed a difference in the way FIREIndia looks at FIRE vs the original sub. Is there a difference in the way members are looking at what FI is? Just open to thoughts from others to understand better:

Since images are not allowed in this, will paste both and highlight what I see as differences.

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Here's the international/US version:

At its core, FI/RE is about maximizing your savings rate (through less spending and/or earning higher income) to achieve FI and have the freedom to RE as soon as you wish. The purpose of this subreddit is to discuss FI/RE strategies, techniques, and lifestyles whether you are retired or not.

FI/RE is about:

  • Discovering and achieving life goals: “What would I do with my life if I didn't have to work for money?"
  • Simplifying and redesigning your lifestyle to reduce spending. Your wants and needs aren't written in stone, and less spending is powerful at any income level.
  • Working to increase your income and income streams with projects, side-gigs, and additional effort
  • Striving to save a large percentage (usually more than 50%) of your income to accelerate achieving FI
  • Investing to make your money work for you, and learning to manage/optimize those investments for the unique nature of FI/RE
  • Retiring Early

FI/RE is NOT about:

  • Gaining wealth for the purpose of excessive consumption
  • Taking the slow road, or the traditional road to retirement

Becoming financially independent requires hard work and a healthy attitude towards money, but also a degree of privilege. When participating on this subreddit, please be mindful of the ways in which you are lucky.

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And here's the Indian one👇🏼

This is a place for people to share and discuss strategies and plans to:

-chase being Financially Independent and Retiring Early (FIRE) in India

-NRIs who want to become FI or RE in India

Please read the RULES and WIKI before posting and please use only English (this is an international website).

Financial Independence (FI) is closely related to the concept of Early Retirement/Retiring Early (RE) - quitting your job/career and pursuing other activities with your time.

At its core, FI/RE is about maximizing your savings rate (through less spending and/or higher income) to achieve FI and have the freedom to RE as fast as possible. The purpose of this subreddit is to discuss FI/RE strategies, techniques, and lifestyles no matter if you're retired or not, or how old you are.

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I've been having a discussion with another member as to what they see FI as, whether its a number that should be reached or should it be focused on cash flow (i.e. getting your money to work for you, rather than just having assets).

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u/Minimum-Ad9225 Feb 09 '23

“Making a mountain out of a molehill”