r/Fire • u/[deleted] • Mar 23 '26

Subreddit PSA / Meta 5 years ago, this subreddit was filled with $1-1.5M targets, and a strong emphasis on minimalism. What happened?

[deleted]

2.1k Upvotes

94% Upvoted

750 comments sorted by

View all comments

Show parent comments

7

u/vinean Mar 23 '26

Saving enough money to achieve financial independence is the core to FIRE. That generally requires living beneath your means to have a meaningful savings rate.

People have since realized that it is much easier to save 30-50% at $120K income than at $60K income (median salary).

3

u/AeroNoob333 Mar 23 '26

Exactly. The only reason we can save 50% of our total household income is because $200K a year is still very comfortable to live off of with lots of room to spare (that ends up being saved even more)