Hello and welcome to the Money Vault, our new weekly Wednesday show where we dig into the archives to give you one of our classic episodes from back in the day.

So Damien, welcome back. How are you doing?

I'm good, Andy, and it was great to hear the feedback from the first episode of the Money Vault.

So do keep your feedback coming in.

Also, let us know if there are any topics you want to hear covered on the Money Vault

and we'll dig into the archives to find the topic covered on the podcast previously.

Now, this week we are going to be talking about Coast Fire. So that is the financial

independence retire early movement, but version of it that is slightly easier. I'm very keen

on this concept and I'm trying to teach my kids

about it because it harnesses the power of compounding to make you wealthy later in life.

And so let's get straight into that episode. So it was from episode 446 originally recorded back

in January 2024. So Damien, we're going to be talking about

the fire movement. Well, not quite the fire movement. So if you remember, we've talked about it on

the podcast before, financial independence retire early. It's got quite a lot of fans, but it also has

it skeptics. But there's a different type or a sibling to the fire

movement. You're going to explain what it is. Yeah. So just to give a recap to people who are not

fully aware of what the fire movement is. Now, this is a way of trying to become financially

independent. So you have the choice of whether you want to work going forward and that's

hence why you've got the retire early part you'll see different ways it's described but really

there's four pillars to it so it will be you try and earn more you spend less so that's the

frugality part of it and then you invest the difference wisely and then you need to know when enough is enough so that's kind of the

four pillars so you will have seen people probably in articles and newspapers a very popular thing to

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