Being able to FIRE at a young age is a privilege even when it involves hard work, and some of us may enjoy aspects of our work enough to continue working at least part time. I’m wondering who else here is considering a focus on philanthropy after hitting their FIRE number?
CharityFIRE principles could look like:
I) Donating at least half of what you earn after you’ve hit your target FIRE number
2) Keeping all investments in VTSAX or similar funds and donating excess during periods growth and/or at end of life
Thanks for your thoughts!
Posted by reasonb4belief
1 Comment
Likely not charity, but if I turn out to generate significantly extra I will likely spread a bit of it around to a select group of favored friends and relatives. People who were kind and particularly helpful to my late father in his old age would be my highest priority.