Individuals with high incomes are usually not allowed to use a Roth IRA, but a mega-backdoor Roth conversion strategy is one way for these individuals to contribute up to $39,500 to a Roth IRA, get the tax-free benefits on the growth of these monies, and then withdraw the funds in retirement.

Debt plays an important part in our society, but it’s a double-edged sword for those who don’t wield the sword carefully. It can help us jumpstart our lives, or it can financially cripple us for years. If the latter happens, there are two popular methods to help get our finances back on track: the debt snowball method and the debt avalanche method. But which is better?

How much should I save and why is this emergency fund thing so important? For us, establishing the fund was our first taste of financial freedom.

When you’re working towards FI, knowing where your money goes is important. You know that we’re all about hacking the system — figuring out the best way to do something to shorten our path to retirement, help us travel, and ultimately live a life that we love. Part of that comes with knowing the best tools to use. Is Personal Capital the best tool for FIRE?

We figured it was high time to address the most frequently asked questions about Playing with FIRE. Since the early days of this project, we dreamed of landing our movie on a streaming site to minimize the barrier to entry and share these FIRE concepts with the world.

So you’ve introduced FIRE to your family or friends, and they are interested in learning more. Here’s a template for sharing all the things they’ll need to get started.

I try to imagine the long term consequences on our societies and on our environment from people taking charge of their own lives, freed to bring positive change. What happens when 10 million more millionaires are free to dedicate their creative efforts to improving our world?

We’ve had the most amazing two years. As Taylor and I have immersed ourselves in the FIRE community, we’ve enjoyed experiences beyond our wildest dreams.