Working Remotely to Achieve FIRE (Financial Independence Retire Early)

Would you like to enjoy an early retirement and or at least have the flexibility to choose how much and when to work? Say hello to the FIRE (Financially Independent, Retire Early) lifestyle that’s being embraced by people who want to save most of their income in their 20’s and 30’s so they can retire early in life.


When you think about your retirement age, you are probably thinking in your late 50’s or 60’s. But now, many want to retire much earlier, in their 30’s and 40’s. While this may sound great, you may be wondering if this is even practical. What if you are a student and have debt? What if you’ve got to pay a long term housing loan? Can you even think of retiring early and gaining financial independence?

With planning, diligence, and patience, it is possible.

While retiring early is a common goal, the emphasis is also on the fact that you have enough finances that allow you to pursue your dreams and ambitions. FIRE also gives you the freedom to choose to work or not.

The Rule of 25 also known as the Multiply by 25 rule attempts to define how much money you’ll need to save before you can retire. That amount is 25 times your annual expenses. For example, if you spend $40,000 per year, multiply that by 25 and you’ll get $1,000,000. This means that you’ll need to save (or earn through investments) up  to $1 million to build a nest egg large enough to support your spending of $40,000 per year.


The basic concept behind FIRE is simple – spend less than you earn and save money. Before you jump headlong into implementing FIRE, you need to ask yourself one basic question – “Why do I want to retire early?”

Do you want to quit your job to start a business you’ve always dreamed of? Do you want to have a flexible lifestyle where you want to balance work and life? Do you want to spend more time with your children? Do you want to travel, maybe explore becoming a digital nomad?

Once you know why you want to implement FIRE, you can create a saving plan and stick to it so you can embark on the FIRE journey.


More people than ever are working remotely, enjoying the independence that comes with it. You can either work remotely part-time, full time with an employer, or offering freelancing services which can be 100% remote. If you are remote worker, or have a business that allows you to earn passive income alone, independent of your job, then you are an ideal candidate to pursue FIRE.



An average commute by a U.S. employee is about 26 minutes one way. That’s nearly an hour of commuting every day to and from your workplace. Clearly, this costs money, but by working from home, you can cut off this entire expense out of your budget. According to Smartasset, the average cost of commuting for Americans is $2,600 per month. Apart from this, you also save on other related expenses such as public transportation, parking and toll. This is an astronomical amount of money you can save by not commuting to work everyday.


Professional outfits can burn a hole in your pocket, especially if you are required to sit in important meetings with clients regularly. The biggest perk of working from home is that you can work wearing comfortable clothes (we highly recommend that you still get dressed for work and not always work in yoga pants, because this can affect productivity and overall morale). By working from home, you certainly save a lot of money buying corporate clothing, availing of dry cleaning services etc.

According to the Bureau of Labor Statistics Consumer Expenditure Report, the average American household spends $1,883 on apparel and services. Some of it goes toward leisure clothing, but a good chunk of it is for professional wear.


Did you know that only one-third of American workers pack a lunch to save money? Office goers spend $1000 a year on coffee and $2000 a year on lunch. If you work from home, your food expenses will come down drastically and help you save more and faster. You even have the flexibility of cooking in large portions for a week, store them, and heat them up when needed!


Working from home gives you the option of either completely avoiding childcare expenses or reducing it. On average, a majority of Americans spend at least 10% of their household income on child care.

We also realize that it is not entirely an ideal situation having to work with children at home, especially if they aren’t old enough to be independent and self-sufficient. Under these circumstances, talk to your employer about how you can have flexible work times that align with your child-care plans.

Some work while their children are at school and eliminate the cost of after-school care, pick up, and drop off expenses. If you can even cut down child-care expenses by half by working remotely, you will be saving money that’ll help you pursue FIRE.

The benefits of FIRE are many. It removes the constraints of time and money. When work becomes optional, you have more time to think about what you really want to do with complete autonomy on your schedule and time. It allows you to pursue your dream work and not be stuck in a job till retirement age. And you can dream of all this even more while working remotely. Save extra money, have solid investment plans, and achieve financial independence.

Start your FIRE journey by browsing 100% remote job listings.

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