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Money Guy Show

The Truth About FIRE: 5 Types of Financial Independence

Money Guy Show

Brian Preston, CPA, CFP®, PFS and Bo Hanson, CFA, CFP® | Fee-Only Fiduciary Advisors

Education, Investing, Business

4.73.1K Ratings

🗓️ 13 February 2026

⏱️ 36 minutes

🧾️ Download transcript

Summary

Think all FIRE is created equal? Think again. The Financial Independence, Retire Early (FIRE) movement has evolved into many distinct strategies, from Lean FIRE to Fat FIRE. We break down the math, mindset, and general lifestyle of 4 popular FIRE strategies, then share our preferred approach: building your army of dollar bills not just to stop working, but to work on your own terms with purpose. ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠Jump start your journey with our FREE financial resources⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠Reach your goals faster with our products⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠Take the relationship to the next level: become a client⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠Subscribe on YouTube for early access and go beyond the podcast⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠Connect with us on social media for more content⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ Bring confidence to your wealth building with simplified strategies from The Money Guy. Learn how to apply financial tactics that go beyond common sense and help you reach your money goals faster. Make your assets do the heavy lifting so you can quit worrying and start living a more fulfilled life. ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠DRINKAG1.com/MONEYGUY Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

Could AI help you do more of what you love?

0:03.1

Workday is the next-gen ERP powered by AI that actually knows your business.

0:08.4

We help you handle the have-to-dos so you can focus on the can't-wait-to-dos.

0:13.2

It's a new workday.

0:15.3

Help! Somebody grab a bucket of water because this show is on fire!

0:21.1

I am so excited because today we are going to explore the financial independence

0:26.3

retire early movement.

0:27.5

We're going to break down five different types of fire as well as the math behind them

0:32.3

and try to help you better understand if these early retirement strategies are right for you. In all seriousness, you might

0:39.7

be dead set on retiring early, but you need to figure out, are you leaning on lean fire, fat

0:45.1

fire, or coast fire? With that, let's dive right in. Yeah, Brian, the idea or the concept of financial independence is not a new one.

0:59.5

We've seen people that are like seeking financial freedom via a specific dollar amount for a long time.

1:06.7

But there has been in the past couple of decades this movement, the financial independence,

1:13.5

retire early movement that I think has caught a lot of, no pun intended, fire.

1:19.1

Yeah, I mean, this has been fun. And look, we have a, I think we have a great relationship

1:24.6

with fire, but sometimes we're called the fire extinguishers. And I think all that we, and that's what we want to do on this show is just highlight to make sure you get a full 360 approach of all the things you need to be thinking about.

1:37.7

That's, that's what our goal is.

1:39.4

But we ought to at least understand that this is, and I'm glad to see fire has kind of caught on,

1:49.9

is that one size definitely does not fit all. So there's some key changes that have happened over the last decade that we want to cover today. But first, when he kind of need to understand,

1:54.4

what are the key tenets to what fire, the movement in general, believe in, but.

1:58.3

Yeah, when you think about fire, people that are proposing

2:01.8

that they want to have financial independence in an earlier age, there are some general

...

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