Do you have enough assets to work at Starbucks?

Barista FIRE strategy involves withdrawing a modest percentage annually from your investment portfolio, deviating from the traditional FIRE approach. In this scenario, the annual withdrawal covers only a specific portion of your living expenses. For example, if your yearly outlay is 120,000 TL, you might withdraw 60,000 TL from your employment income and the remaining 60,000 TL from your investment portfolio. This innovative method enables you to exit a demanding job much earlier than conventional financial independence, thereby improving your overall well-being.

The term "Barista FIRE" originates from the practice of certain coffee chains in the United States, such as Starbucks, offering health insurance benefits to their part-time staff. As individuals not working full-time are typically responsible for their health insurance, those with a substantial portfolio can opt to work part-time as a barista at Starbucks. This allows them to access free health insurance while limiting the withdrawal rate from their portfolio, fortifying their financial freedom plan.

Certainly, you are not confined to working as a barista; any part-time job or freelancing is a viable option. The crucial aspect is maintaining the withdrawal rate at a sustainable level based on your portfolio, while covering the remaining expenses through active income. You could engage in paid teaching, consultancy work, or explore opportunities such as property transactions or seasonal labor. Given that the required earnings are relatively modest compared to a regular salary, you enjoy the flexibility to work at your pace, taking breaks when needed. This showcases the empowerment of achieving financial freedom.

I leave here the calculator you will need to calculate all these plans: https://walletburst.com/tools/barista-fire-calc/