The Financial Independence Dough Hub (FIDoughHub) is dedicated to helping others achieve financial independence or retire early (FI or FIRE), and with helping others manage and enjoy their FIDough after achieving FI. In sum, it is a collection of education, entertainment, and tools for raising, caring for, and feeding your FIDough.
Although FIDough Hub may occasionally cover other topics related to personal finance, we assume you already understand the money basics, e.g., eliminate debt, spend less than you earn, and invest the difference wisely. Additionally, FIDoughHub focuses on early FI, but most of the resources work regardless of one’s age and can help you answer questions like, when can I retire?
FIDoughHub is the creation of an individual (Mr. FIDough) who years ago in his early twenties set out to position himself to achieve FI by age 50. Mr. FIDough learned a lot along the way, and he has increasingly been thrilled with the growing number of excellent resources available to help individuals get their financial houses in order. FIDoughHub aims to help others on their quest, and help them answer questions like “what do I need to do to retire or retire early?”
So what exactly is FI?
To many, “retirement” conjures up images of sitting on the beach or playing endless rounds of golf. Although one must have some level of financial independence to retire, the concept of financial independence or FI is different. It simply means having the financial wherewithal to pursue those activities that you find the most rewarding and bring you the most satisfaction without regard to the financial remuneration attached to those activities.
Why is this website different?
There are many, many great resources available to help individuals with investing and retirement planning. But many of them seem to be a front for selling questionable products or services. Most sites do not point you to other existing sites with better resources. Others require digging through lots of blog posts to uncover the useful content. And, although there are lots of resources on how to grow your wealth or “get rich,” there is comparatively little on how to invest once you have retired or achieved financial independence.
The Financial Independence Dough Hub solves these issues by bringing together some of the best FI/FIRE resources in an organized and usable fashion from the perspective of someone who has walked the walk. It includes explanations and details often glossed over by others. It aims to help you answer basic questions like, how do I achieve financial independence, how soon may I retire, , how much of my nest egg may I spend in retirement, and more.