Frequently used terms and abbreviations

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  • BIFL: Buy it for life
  • EOC: Economic Outpatient Care (from The Millionaire Next Door)
  • ER: Early Retirement
  • ERE: Early Retirement Extreme
  • E-RE: Extremely Early Retirement
  • FI: Financial Independence
  • FIRE: Financial Independence Retire Early
  • SWR: Safe Withdrawal Rate
  • YMOYL: Your Money or Your Life (see reading recommendations)
  • YOLO: You only live once