1 SENTENCE SUMMARY: This book tells the inspiring story of a young couple that takes control of their financial future and radically re-defines their life, showing readers that financial freedom is possible for anyone.
“It’s not about having all the answers—it’s about asking the right questions.”
Quick Info
Category: Personal Finance
Publish Date: 2019-01-01
# Pages: 224
ISBN: 1608685802
Where to Get It:
Buy on Amazon
Listen on Audible
Read more on Blinkist
Table of Contents
Overview
Playing with FIRE by Scott Rieckens is a memoir about a family of four who are determined to achieve financial independence and retire early.
After a life-changing epiphany, Scott and his wife Taylor decide to dramatically change their lifestyle and embrace the FIRE movement, a movement which encourages people to save and invest a large portion of their income in order to retire early.
Following the principles of the FIRE movement, the family embarks on an incredible journey to achieve financial freedom and retire in their 30s.
Playing with FIRE chronicles the family’s inspiring journey as they explore and discover the values, tools, and strategies to achieve their financial independence and create a secure, meaningful and stress-free future.
4 Key Lessons from Playing with FIRE by Scott Rieckens
1. Take Control of Your Finances
The author encourages readers to take charge of their finances and to become familiar with their current financial situation.
He explains that it is important to track expenses, create a budget, and review all financial statements.
He also emphasizes the importance of automating finances and making sure to place money into savings and investments.
Through this, readers will become more aware of their spending habits and be able to make more informed decisions with their money.
2. Invest in Yourself
The author encourages readers to invest in themselves by learning new skills and knowledge that will benefit them financially.
He explains that through investing in yourself, you can increase your income potential and create additional sources of revenue.
In addition, readers can also engage in activities that they enjoy, such as starting a business, furthering their education, or taking on freelance work.
3. Live Below Your Means
The author encourages readers to live below their means in order to save more money.
He explains that by spending less than you make, you can put more money towards your savings and investments.
He also stresses the importance of living a frugal lifestyle and learning to be content with what you have.
This will help readers to become more mindful of their spending and also to become more mindful of their financial situation.
4. Start Investing Early
The author encourages readers to start investing early in order to take advantage of compounding interest and have more time to benefit from their investments.
He explains that investing in stocks and mutual funds can provide a steady stream of income over time and that the earlier you start investing, the more money you will have in the long run.
He also encourages readers to research the different types of investments available and to work with a financial advisor to find appropriate investments for their portfolio.
Who Should Read It
Playing with FIRE by Scott Rieckens is a book that would be of interest to anyone who is interested in financial freedom, early retirement, and financial independence.
It is a great read for entrepreneurs, freelancers, and anyone who is looking to gain control of their finances and build a secure financial future.
It is also a great read for those who are looking to invest in the stock market and learn more about financial planning.
Where to Get It
If you love the smell and the feel of a physical book, you can just click on the button below:
If you like to listen to audiobooks while doing the daily chores or when commuting to work, you can Try Audible Premium Plus and Listen to this Book for Free.
If you’re not sure yet, I recommend you to read a more in depth summary on Blinkist. You’ll also get a 7 day free trial and more than 5.000 other books to browse through.
About Scott Rieckens
Scott Rieckens is an award-winning filmmaker who has produced and directed several feature films.
He is a financial independence and early retirement enthusiast, and is the author of the book Playing with FIRE, which chronicles his journey to achieving financial independence and early retirement.
He is also a frequent speaker, podcaster, and blogger on the topics of financial independence and early retirement.
Scott graduated from the University of California, San Diego with a degree in Economics.
Error 403 The request cannot be completed because you have exceeded your quota. : quotaExceeded
or Try Audible Premium Plus and Listen to this Book for Free
Other Personal Finance Books you may Like:
- Best Personal Finance Books
- Pogue’s Basics by David Pogue
- Quit Like a Millionaire by Kristy Shen
- Raising Financially Fit Kids by Joline Godfrey
- Retire Before Mom and Dad by Rob Berger
Over to You
If you already read Playing with FIRE by Scott Rieckens, please take a moment to rate it and maybe write your feedback in the comments. You’ll help other readers make the best choice.
Thanks a lot,
Simon
Welcome to DailyBitsOfWisdom.com, my passion project inspired by my own battle with depression. Here, I share resources on journaling, positive affirmations, self-help insights, and book summaries, creating a nurturing space where we can connect, learn, and grow together on our journey to self-discovery and personal growth.