Ultimate FIRE Dictionary, CMO Around Town, and an Announcement

Ever see an acronym around the personal finance web and not been able to figure out what it means? Looking for a reference for folks who are new to the FI world? Just want to have fun on a Friday? Have I got a list for you!

Today I’m going to talk all about some of the different acronyms you might see around in podcasts, articles, forums, Facebook or Twitter. Be sure to add on to the list of funny FIRE definitions! I’ve also got a summary of where you might have seen me around in the last month (in case you missed an appearance), and an EXCITING speaking announcement! So stay tuned to the end.

Besides, I’m going to need your help in case I forgot an acronym!

FIRE, SWR, FIOR, VTSAX – Oh My!

  • FIRE – Financially Independent, Retired Early. Or the RE can stand for making Retirement Elective (my preferred term). The RE can also stand for:
    • Really Excited
    • Resting Easy
    • Real Euphoric
    • Relieved and Enthusiatic
    • Resourceful and Entergetic
    • Reality’s Exquisite
    • Paula Pant from Afford Anything suggested on Twitter it can also stand for Rummaging through Easter candy, Rooting for the Eagles, and Rum and Elixir. If you have a funny FIRE acronym idea be sure to share it!
  • 4% rule – Often used with SWR, 4% is the typically accepted “safe” amount per year you can withdraw per the Trinity study.
  • 25x Expenses – Another way of expressing the 4% rule, this is commonly accepted as the point at which you’ve reached financial independence
  • Rule of 72 – A simple method to determine the amount of time it will take for an investment to double. Take your 72 and divide it by your annual rate of return. So if you earn 10%, it will take 7.2 years. Have your money in a brick and mortar bank earning an interest rate of 0.01%? It will take 7,200 years. Good luck with that one…
  • 529 – Shorthand for a tax-advantaged college savings plan. Named for the section of the tax code it comes from, just like…
  • 401k – Retirement accounts in the US offered by private, for-profit employers and some nonprofits
  • 403B – A retirement plan for certain employees of public schools, employees of certain tax-exempt organizations, and certain ministers
  • 457 – Retirement account offered by state and local public employers, and some nonprofits. It’s a non-qualified plan, so you can contribute to both this and a 401k, if offered
  • ABLE – Achieving a Better Life experience, this is a kind of 529 plan that can be used for special needs children. A wonderful option!
  • FIOR – Financial Independence Optional Retirement
  • GAAP – Generally Accepted Accounting Principles. Useful if you look into individual stocks, as this is frequently mentioned in annual reports
  • RESP – Registered Education Savings Plan, a Canadian education savings plan
  • RRSP – Registered Retirement Savings Plan, a Canadian retirement savings plan
  • SWR – Safe Withdrawal Rate. Refers to the amount of money you can withdraw from investments.
  • TSP – Thrift Savings Plan, a retirement plan for US civil service employees as well as the military
  • VTSAX – Ticker symbol for the Vanguard Total Stock Market Index Fund Admiral Shares.  Often used as short-hand to refer to index fund investing. Unfortunately VBLTX and VGTSX (total bond and total international) are less well known.

Blog and Social Media Acronyms

If you’re hanging around the blogosphere, Twitter, Facebook or elsewhere, you’ll see these around. If you’re on Twitter be sure to let me know which ones fit you!

  • HENRY – High Earner, Not Rich Yet
  • DIK – Double Income, Kids
  • DINK – Double Income, No Kids
  • SIK – Single Income, Kids
  • SINK – Single Income, No Kids
  • SIKWAD, DIKWAD, SINKWAD, DINKWAD – The above acronyms plus “with a dog”
  • SIKWAC, DIKWAC, SINKWAC, DINKWAC – The above acronyms plus “with a cat”
  • YOLO – You Only Live Once, usually used to justify poor spending decisions
  • FOMO – Fear of Missing Out. Also usually used to justify poor spending decisions
  • TL;DR – Too Long, Didn’t Read

Bloggers

Blogger acronyms are the best! All the cool folks have a three letter acronym. OK not all of them, but several that you’ll see around a lot.

CMO Around Town – And An Exciting Announcement

I’ve been busy since my last update to you all! Podcasts, guest posts, and now…an upcoming speaking engagement!  But before I get to that…here are all the places you can find me around town lately.

  • Stacking Benjamins – One of my long-time favorite podcasts. Listen to me take on Paula and OG, and stay tuned to Dessert for a funny (albeit gross) story!
  • FIRE Drill Podcast – Want to hear an in-depth interview between myself, J the Millennial Boss, and Gwen from Fiery Millennials?
  • Married and Harried – Guest post all about family time management
  • Elementum Money – Women’s Day Special all about why women must manage money
  • Debt Discipline – I explore who is responsible for teaching financial literacy – parents or schools? Spoiler alert – both
  • Wealth Hound – What to expect when you’re expecting… financially speaking, that is

And now for that speaking engagement…

You might have heard of a little thing called the Lola Retreat? J.D. Roth posted about it over on Get Rich Slowly a few months ago. It’s a financial event for awesome, bold women put on by Melanie from Dear Debt and Emma Pattee. I remember seeing all about it last year when they were in Portland, and wishing I might be able to go one day. It looked like a blast!

And guess who’s speaking there in their NYC tour stop? Yours truely!

I’m going to be on a panel all about preparing for a financial disaster – a subject you know I’m passionate about after what happened to my husband. I’ll be there in NYC on April 28th and 29th, attending the retreat in addition to speaking on the panel. Talking about money, hanging around a bunch of women interested in talking about money, in New York City for a weekend? Yes, please!

If you live in the area and you’re interested in signing up, there are still some spots left! And I’ve got a discount just for you Just go to the Lola Retreat site to sign up, and use the code CHIEFMOM to get $50 off.

And if you’re in NYC that weekend let me know!

Be sure to follow my blog for more great posts via e-mail or WordPress, or connect with me on Facebook or Twitter and say hello! You can also check out what I’m buying or baking on Instagram,  what I’m pinning on Pinterest, or the latest books I’m reading (or want to read) over on Goodreads.

chiefmomofficer

IT professional, MBA, working mother of three, avid reader, geek and personal finance nerd

20 thoughts on “Ultimate FIRE Dictionary, CMO Around Town, and an Announcement

  • April 13, 2018 at 10:09 am
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    Congrats CMO! 🙂 (Ha!). So exciting that you’ll be on the Lola panel! I know you have a lot to say about managing your finances after a crisis like your husband went through. Sounds like an incredible weekend!

    Reply
    • April 13, 2018 at 10:27 am
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      I’m looking forward to it! I love public speaking (weird, I know) and hope that the panel will be really helpful to people

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    • April 13, 2018 at 6:10 pm
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      I’m looking forward to it!

      Reply
    • April 13, 2018 at 6:10 pm
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      Thanks Mrs. AR!

      Reply
  • April 13, 2018 at 3:04 pm
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    Good idea on the dictionary, You should keep expanding it, I will probably link to it at some point.

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    • April 13, 2018 at 6:13 pm
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      Thanks!

      Reply
    • April 13, 2018 at 6:13 pm
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      I’m looking forward to it!

      Reply
    • April 13, 2018 at 6:13 pm
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      That would be cool! It looks like a really fun event

      Reply
    • April 13, 2018 at 6:13 pm
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      Thanks!

      Reply
  • April 13, 2018 at 8:52 pm
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    Only members of the secret club know my acronym (AGSL) but I think yours is reasonably well known now!

    Congrats on speaking – you’re gonna be awesome!

    Reply
    • April 13, 2018 at 9:09 pm
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      I like yours! It’s like American Sign Language with a G.

      Reply
  • April 14, 2018 at 6:43 pm
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    I love the acronyms, hadn’t heard HENRY before!

    And you have been getting around, looks like you’ve been very busy there. Congrats on the speaking slot, you’ll be awesome I am sure.

    Reply
  • April 15, 2018 at 3:28 am
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    An acronym to add! I’ve just written an article about financial FOFO – Fear Of Finding Out – for all those who bury their heads in the sand about money, don’t open bills or bank statements or leave money matters to their other half.

    Reply
    • April 15, 2018 at 9:11 am
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      Love it!

      Reply
  • April 18, 2018 at 1:46 pm
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    WOW I didn’t know half of these existed! Congratulations on your speaking engagement too!

    Reply

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