Barista FIRE Is STILL The Best Way To Retire Early!

  Рет қаралды 6,092

On Cash Flow

On Cash Flow

Күн бұрын

I still believe that Barista FIRE is the best way to achieve financial independence for most of us. Barista FI is a form of financial independence where you don't actually stop working, and therefore, you do not actually "retire" in the traditional sense of the word. Instead, you can pursue employment recreationally, meaning for fun! You can work when and where you want to work. Barista FI is quickly becoming more and more rebranded as "Financial Independence, Recreational Employment." Whether you want to just work part-time, work in a lower-paying field, try out a new field, start your own business, work seasonally, or anything else, you should strongly consider making Barista FI one of your primary goals.
Watch my previous video on why Barista FI is the best way to retire:
• Barista FIRE Is The Be...
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Get Personalized Consulting From Me:
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#BaristaFIRE
#FinancialIndependence
#FinancialIndependenceRecreationalEmployment
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This content is for informational purposes only, you should not construe any such information or other material as legal, tax, investment, financial, or other advice. Before making financial and legal decisions, consult financial and legal professionals licensed in your jurisdiction. Some links provided may be part of an affiliate advertising program designed to provide a means of compensation for referring traffic and business to other companies.

Пікірлер: 42
@OnCashFlow
@OnCashFlow 11 ай бұрын
Watch my previous video on why Barista FI is the best way to retire: kzbin.info/www/bejne/iZWciKufo6iba9E
@markhoffman1310
@markhoffman1310 8 ай бұрын
I work as a restaurant expeditor. I work 4-6 hours a night. 22-28 hours a week. I make $29 an hour plus some tips in wisconsin. I combined that with cash flow from a 4 family rental property and had a pretty good life. I just sold the place a couple weeks ago and now life is even easier.
@OnCashFlow
@OnCashFlow 8 ай бұрын
Wow that sounds like a great gig!
@oscarhernandez-wi5fn
@oscarhernandez-wi5fn 11 ай бұрын
Great video! For the last 7 years I was pursuing a FAT FIRE lifestyle but this year I changed to a Barista FIRE. Happy I did because I was getting burned out.
@TheCelmap
@TheCelmap 11 ай бұрын
Good choice for your health overall. I was doing the same and got severe burn out.
@OnCashFlow
@OnCashFlow 11 ай бұрын
That's good to hear that you found something that was less stressful! That's really one big component of all this!
@CalmerThanYouAre1
@CalmerThanYouAre1 11 ай бұрын
Barista FIRE is the way to go for sure. It seems like most younger retirees end up there anyway due to boredom and the pursuit of purpose in life. Personally, I think a great way to go is to have a robust and organically growing income stream via real estate and the stock market. Over time, let your income naturally grow to a point where you are Fat FIRE. Due to the above strategy, we are luxuriously Barista FIRE now, will be Fat FIRE by age 45 and Obese FIRE when SS kicks in at 62!
@OnCashFlow
@OnCashFlow 11 ай бұрын
Yes, it certainly does seem that way. The main point being that it is unrealistic to never earn another dollar again...even though FIRE planning often revolves around that. If you start young enough, so many years go by until your 60 that if you were barista FI, your investments would likely cost their way to enormous heights but that also brings up the topic of not spending enough if you let your assets grow to such measures.
@daydreamer4902
@daydreamer4902 5 ай бұрын
Wow Financial Independence Recreational Employment...nice
@OnCashFlow
@OnCashFlow 5 ай бұрын
Yessir, I certainly didn't invent the term, but it fits so well!
@dforrest4503
@dforrest4503 11 ай бұрын
I really like how you highlighted the idea of the retirement work being meaningful. I retired from full-time teaching, and will be teaching part-time at a smaller, private school. I’m hoping that’s a great fit for me! 🤞
@OnCashFlow
@OnCashFlow 11 ай бұрын
How awesome that you get to try!? Maybe it will work for you, maybe not. Then you can move onto the next idea and see if it fits.
@dforrest4503
@dforrest4503 11 ай бұрын
@@OnCashFlow exactly!
@Hermes6986
@Hermes6986 Ай бұрын
Hey from France, i was looking for fire and just realize that I am actually in barista fire but didn't know the word, that the best one I think, I work 3 times week in a part time job that i actualy like and my wife quit her pharma job and work for her in the cosmetic eye brow and lash and we enjoy life , and we still able to invest in order to get highest passive income year after years, you can still invest in barista fire that's fire ✌️
@OnCashFlow
@OnCashFlow Ай бұрын
That's awesome! Sounds like a great way to live!
@Melissa-jp8ps
@Melissa-jp8ps 7 ай бұрын
As a person who has worked in a nursing home for the last 8 years, IMO people really only get old when they think they have nothing meaningful to contribute anymore. Barista FIRE is the way to go because it is more doing what you WANT to do, not what you MUST do
@OnCashFlow
@OnCashFlow 7 ай бұрын
Wow that is really powerful coming from someone who has seen it first hand. I'm so glad to have your input here, thank you!
@michaelh4227
@michaelh4227 8 ай бұрын
I can't imagine retiring at an early age and living out the next 40+ years doing absolutely nothing (and expecting that money I've saved up to keep me going for that long) so Barista FIRE sounds like a great idea! Honestly what I'm looking for in FIRE is just financial independence through a big enough savings. I just don't want to have to worry about working full-time to keep myself afloat.
@OnCashFlow
@OnCashFlow 8 ай бұрын
I think that this certainly is what most people want, even if at first they need to retire completely and take a short break away from all work. (sorta what you would call a "sabbatical". But eventually, being human, we want something to do with our time that is productive/contributes to our community or society on some level.
@dearthvaderindustries9967
@dearthvaderindustries9967 11 ай бұрын
I also have two rental properties and agree that even having a property manager there are always questions/discussion to be had dealing with property issues almost weekly. Great informational video my friend. I love watching and learning from your content!
@OnCashFlow
@OnCashFlow 11 ай бұрын
I see why the end goal for some RE investors is to get consolidated. Imagine the amount of questions once we have 10 properties...
@TheSimArchitect
@TheSimArchitect 11 ай бұрын
As usual, you make good points. Have a nice week!
@OnCashFlow
@OnCashFlow 11 ай бұрын
You too! thank you!
@jeffreym3233
@jeffreym3233 11 ай бұрын
I’m with you on the tax preparation seasonal employment idea💡! Break into tax!
@OnCashFlow
@OnCashFlow 11 ай бұрын
I'm taking the H&R Block tax course right now haha
@Rillien
@Rillien 9 ай бұрын
Very nice video! The idea of pursuing barista FI with seasonal work was novel to me, definitely something to consider!
@OnCashFlow
@OnCashFlow 9 ай бұрын
So glad that you found it helpful!
@JosephDickson
@JosephDickson 11 ай бұрын
I plan to consider this an option and ease into retirement in 10-15 years and take advantage of employer healthcare.
@OnCashFlow
@OnCashFlow 11 ай бұрын
That's a huge part of compensation that most people don't realize how much value is in some employer healthcare plans!
@highpeaks3598
@highpeaks3598 10 күн бұрын
For me, it is Coast FIRE & FIRE means Financial Independence, Relax Early.
@OnCashFlow
@OnCashFlow 8 күн бұрын
Relaxing can be nice, but still being involved in challenging things is important! ;)
@autobotdiva9268
@autobotdiva9268 10 ай бұрын
Barista F.I. might have to be a new goal now in widowhood. ive been thinking of becoming a contract EKG Tech on the side to get to my goals. did my MBTI and now i know how to invest based off of that also
@OnCashFlow
@OnCashFlow 10 ай бұрын
Your goals can and will change over time. It's completely normal. We are human. We make change! :)
@pauls9322
@pauls9322 Ай бұрын
I work 12hr shifts but on average 40hr weeks, so half the days of the year I'm not at work. Looking to scale back soon too.
@OnCashFlow
@OnCashFlow Ай бұрын
Full time is still full time, even if you are working 3-4 days per week but 12 hour shifts! That would give you little time for youself on those work days.
@pauls9322
@pauls9322 Ай бұрын
@@OnCashFlow yep one week 5 shifts but then the other week only 2. It's better than my last job and I'm very close to coast fire and or barrista fire. Sometimes you need to be bankable for loans.
@user-xr3lu6id3w
@user-xr3lu6id3w Ай бұрын
Yes i think is way better...wish i could do what you doing now
@OnCashFlow
@OnCashFlow 25 күн бұрын
You can do it too! It will take some time, but you can make it happen!
@CustomerRelationsManager
@CustomerRelationsManager Ай бұрын
FIRE = Financial Independance Retire Early...you can do BARISTA FIRE, FAT FIRE or COAST FIRE..........
@OnCashFlow
@OnCashFlow Ай бұрын
yes
@Rufan-yy7rn
@Rufan-yy7rn 11 ай бұрын
I'm studying law with a view to get into wills and probate for extra cash while self building a cabin and market garden on my land - invest profits in stocks and write novels.
@OnCashFlow
@OnCashFlow 11 ай бұрын
Wow! Such an interesting life! I wish you the best!
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