this post was submitted on 24 Jul 2023
16 points (100.0% liked)
FIRE (Financial Independence Retire Early)
1131 readers
2 users here now
Welcome!
FIRE is a lifestyle movement with the goal of gaining financial independence and retiring early.
Flow Charts:
Personal Income Spending Flow Chart (US)
Personal Income Spending Flow Chart (Canada)
Personal Income Spending Flow Chart (Australia)
Personal Finance Flow Chart (Ireland)
Useful Links:
Mr. Money Moustache - a frugal lifestyle blog
Related Communities:
founded 1 year ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
HYSA would be my first choice (4% APY). Highly liquid and hassle free, and literally the purpose of it is for what you are describing. Second would be SPAXX/VUSXX (>5%) which is where I also keep my emergency fund. Though these take like an extra day to cash out compared to HYSA, at least for my bank. I wouldn't keep in index funds as you described there is a risk to it.