FIRE

About The Author

What Is This Site?

yourFIresource.com is where you can find all of your resources for categorized content on financial Independence (FI). This collection consists of advice over a broad spectrum of concepts, but they all have a focus on personal and professional finances. Beyond finances, you’ll also find a collection of resources that  reference topics from philosophy to parenting to relationships to leadership etc… the list goes on. That list can be found under Other Useful Content.

All pages on YourFIresource are laid out in a similar format. Simply click on the drop down menus to reveal the hidden content and discover resources of the category you are browsing! This site grows at the rate of my content consumption. Whenever I hear or read something that I am compelled to share, I put it in a page on this site.

Who wrote YourFIresource?

My name is Chase Linzmeyer. I’m about 30 yrs young, and I discovered financial independence through many different forms of media that I intend to share. I want to help others interpret FI for themselves and understand the lifestyle values they can discover using the content that I have used. I aspire to inspire before I retire. I am working toward financial independence every day, and I am seeing results in every aspect of my life. I want to share my discoveries with those who are interested in this stuff, and I want to walk with those who are struggling even more. I have based a solid foundation on the priciples of FI, and now I’m working to improve myself and my daily life through lifestyle design. I hope the content that I’ve collected for myself is also useful for you as well. Thanks for sharing your time with me, and good luck on your route to FI!

Are you a Certified Professional?

I’m just some guy. I am not a CFP or CPA in any way, shape, form, or fashion. I’m no financial guru or any sort of wizard on finances, but I am inspired to strive for excellence, so I study like CPA. I am good at a lot of things, but I am no self-proclaimed expert on anything.

My Background And My Mother:

There was a very specific event that triggered my interest in finances. In the winter of 2016, my beloved mother passed away due to lung cancer that she had been battling for over 8 years. She was a champion of hard work, who did whatever it took for her three fatherless children to live without knowing anything about hardship. She was a staff sergeant of the US air force whose job it was to  fund research projects at the Isaac Laboratories of the Kirtland Air Force Base, New Mexico. She dealt with accounts to the tune of millions of dollars for NASA. She retired with a pension from the Military when she was 30 years old. Later she became a floor manager at the US Post Office.

We moved up to MN where she dealt with more struggles than I care to write about, but I’ll touch on a few significant ones. Her mother stole her life savings and gambled it away in Las Vegas, NV. Her ex.-fiance finagled her into buying a house using his name and later kicking us out. After my grandparents died, my uncle’s wife made sure all of the grandparents’ assets went to my uncle, leaving minimal to my already broke and heartbroken mother.

My mom was not good with family boundaries and allowed much of this chaos because she was a trustworthy person who thought she could expect the same from those around her. She learned her morals from her father and grandmother. She was very good with personal finances and alway did her own taxes. She had the advantage of working daily with spreadsheets and balancing budgets for expensive projects.

Something my mother was never good at was investing. She consistently invested into her Thrift Savings Plan, but she didn’t really know the best practices for investing, so she invested very little every paycheck. When the 2008 market crash happened, she kept her money in the market, but the plummeting numbers stressed her out, and I remember her coming to me for advice. At the time, I was an undermotivated 17-year-old kid who knew nothing and cared nothing about finances. To me, this was something old people did, not young people.

My mom would often remind me (twice per year) about her estate plan. She didn’t set it up perfectly, but she would show me where to find certain documents and information if she were to ever pass away. She relied on me to know this and to take care of business when the time came. Well, when the time came, I was ready, and I found out that my two brothers and I were about to inherit about $130k each. She had money scattered between cash in different banks, retirement funds, and a life insurance policy that I discovered as I was going through her paperwork. We were not ready for such responsibility. This was more money than any of us had seen prior to her death.

After she passed, we all dealt with our heavy grief in our own ways, and our lives were changed forever. One of my brothers had a degree in finance and advised me to put the money into something called an inherited IRA. So I did that, and I let myself cry and feel and miss my mom.

I imagined what I should do with the money. I thought, “I have so many friends who could benefit from these funds.” I was already planning on distributing the money to the ones closest to me. “I have friends who are behind on their bills, and all they would need is a few thousand dollars until they are caught up again! I could buy my other friend a car, so he doesn’t have to walk to work in the Minnesota blizzards anymore! I’ll plane tickets for my out-of-town friends, so they can finally visit Minnesota at least once in their lifetimes!” I was so sure that this was the right thing to do with money. I decided to search for other people’s thoughts, and I came across podcasts.

Discovering Podcasts

There are so many resources out there, and podcasts are on the rise right now in popularity. I have found podcasts to be the new T.V. They can be so entertaining and educational, and someone who wants to broadcast can do it instantaneously at minimal expense.

Many people at my work listen to financial podcasts, so they had me start with Dave Ramsey. The first episode I listened to was very close to my situation. A woman’s husband died at war, and she received a large sum of life insurance money. She was very sad and could hardly ask Mr. Ramsey what he would do with the money. Dave advised against making any financial decisions for at least 6 months because the caller’s emotions were clouding her judgement and clarity of her actions. This is exactly what I was going through. He said, “Take a break, honey. You need time, not money right now. Go cry. Allow yourself to feel and to heal before you start making life-altering decisions.” This was my new plan. I put the money aside for 6 months and focused on dealing with devastating loss for the first time in my life, and I’m glad that I did, It was great advice, and it was exactly what I needed.

When I began my research, my goal was to make my mom proud. I wanted her to smile down on my decisions, so I looked up all the different approaches to go about using inherited money. Most of the good advice was advice that started by identifying what was important to you.

“Personal finance is personal. Good advice for one person may not be good for the next.” ~Joshua Sheats

As I followed down this path, I eventually ended up discovering the rise of the FI community. I discovered I discovered that this lifestyle was important to me: optimizing my working lifestyle so that I could retire early. The idea of living free of the 9-5 was very appealing to me. After hearing this information, I started bingeing on all of this kind of content that I could find. I started with The Mad Fientist. After listening to all of his episodes, I stayed updated with the Choose FI podcast. I listened to every episode twice in a row as I consumed their content and take notes. I downloaded all of their episodes, so I will have plenty of content to listen to on long road trips. I listened to Dave Ramsey daily because his show is so diverse and very often you will hear a story that can bring you to tears. Since then, I’ve branched out so far; you’ll need to discover the content for yourself throughout this website.

When people come to me with personal problems, I almost always have a podcast reference that could help them. It’s pretty rare that people follow through with my suggestions though, and those that do seem to be the more humble individuals who believe they can learn something from others instead of complain about their problems with no solution in sight. I have referred countless podcast episodes to people around me, and I seem to get an overwhelming amount of negativity in response. The negative people will either say that they can’t stand talk radio, or they will complain about the way someone talks in the podcast.  It seems people have not yet discovered the true value of podcasts yet.  I do not discount shows or people by the way they sound in a podcast because I am interested in the content (what they have to say) more than the way they talk (how they say it).

Why I Started YourFIresource

Eventually, I realized that there wasn’t a centralized location for all of this FI+ information, and I would argue that there still isn’t. I created this website to be a unique site to explore for advice on FIRE content, but by no means is this website a complete list of all there is to know about FI. This is only one sand of grain on the vast beach of FI information. This website is only information that I know about. This site is a collection of my favorite content that I’ve collected on this subject.

As I continued collecting more and more content, I began realizing that FI was only the beginning to a much better lifestyle approach. When I started taking control of my finances, I found myself trying to optimize in other parts of my life. I started organizing my schedule, eating healthier, watching less TV, and wanting to improve certain skills at my day job. I realized that the FIRE movement is a lifestyle optimization strategy that pours discipline into different parts of your life. When you take control over these areas, it gives you more energy and time in your day. This lifestyle gives you freedom, and that is what I was after this entire time. It gives you the freedom to step away from the noise and clutter of your life, so you may redesign it in a much more efficient and happier way.

What Do I Want Out Of FI?

I want the freedom of choice. Ultimately, I want more time out of my days. I am looking for the ability to work on whatever project I feel like spending my time and energy on without worrying about financial struggles. I would love to be able to help the cars stuck on the side of the road without worrying about going into work that day. It would be wonderful to be the friend you could call on when you need something fixed at your house while you’re busy at work.

“When people ask if you want to do work for them during retirement, you have to ask yourself, ‘Would I do it for free?’ Because I only want to spend my life doing the things that I want to do, and there’s no point in doing work for money if you don’t need money. This puts me in the position to say no to soul-sucking work that pays and say yes to having fun, creating, and helping others for free.” ~Pete Adeny.

In 2012, I made a hitchhiking journey across the country where I was completely free of any obligation except survival and calling my mom to let her know I was okay. When I was living on the road, I did whatever I wanted, but everything I did was a form of work. I made plans, I walked 20 miles per day, I packed up camp in the mornings and set up camp at night, and I even had jobs that I found in different towns for individuals.

I would work without needing a lot in return. My situation required that I asked for a place to stay or a meal, but my goal is to eventually sustain myself. I want to be completely independent of needing other people’s resources, so I can get back to volunteering my time to causes I enjoy. I’m making strides in that direction every day, and it’s quotes like the one above that keep me going!

There are plenty of opportunities that I have to turn down because I am still dependant on my income that comes from my day job. My day job demands my time and attention to a degree that I do not like. I am working toward a goal to make that no longer a reality, so I can move onto much more important work.

FI, FIRE, FIER, FIOR, or Early Retirement?

Whatever. Regardless of what you call it, we all want something similar: freedom. If we’re going to get technical with terms, I’m not a fan of the phrase FINANCIAL INDEPENDENCE because no one is financially independent. We are all dependent on finances to get through our days. This conversation is not helpful though. People who are arguing over the difference between FI and EARLY RETIREMENT are only confusing people listening to them babbling. It’s not a big deal.  If anything, I would rather redefine the current negative assumptions of the word RETIREMENT rather than come up with new phrases at all.

What matters is that we understand what is important to us. FIRE stands for “Financial Independence; Retire Early.” But it’s not just about finances. It’s an idea that has grown into a community of people who are trying to better themselves and become stronger individuals. The FIRE community is full of people who believe they are capable of achieving great things through small changes in their lives. Eventually these people become free from the everyday lifestyle decisions that hold the average US american back, and they become empowered to achieve success in their own meaning of the word.

Fire Symbology

Fire is a good symbol for this movement. Imagine having a huge fire consuming all material goods right in front of you. Everything that you can conjure up. It’s an intense fury of flames just hot enough to burn up all the material in the pile. Think about what is left after the fire recedes. It’s the structures of everything that was holding all of that stuff together. These are the underlying frameworks, and these pieces survived the fire because of their stable resilience to destruction. In the FIRE Community, we strive to identify these structures in our own lives and optimize their efficiencies.

Fire is a symbol. It represents a drive. In the FIRE community it represents a drive to be better individuals than we currently are. That takes a knowledge base, desire, ambition, persistence, and most of all: action!

I like to think of a phoenix to represent this powerful movement. Those who pursue this lifestyle are born again through the ashes of their old lifestyle and become free as birds who fly to FIRE.

I hope the content on this site serves you well and inspires you to take action in your own life!

Best,

~Chase L.