DINKs - Dual Income No Kids
DILDO - Dual Income Little Dog Owners
FI - Financial Independence
FIRE - Financial Independence Retire Early
Savings Rate -
SAVINGS RATE - This is calculated using the amount of available money you have at the end of the month, after expenses, that arguably can go into “savings.” For our purposes, this money was typically put into either index funds or real estate investments.
As a rough reference, a 22 years old that plans to work for 43 years and retire at 65, would have an average savings rate of 15%. This assumes you’re using the 4% rule, and lifestyle and spending in retirement is the same as pre-retirement years.