Finitoiva

Finitoiva is a term that has emerged in informal online discussions, particularly within communities interested in personal finance, early retirement, and financial independence. It is a portmanteau word, combining "finito," an Italian word meaning "finished" or "done," with "FIRE," an acronym for Financial Independence, Retire Early. The term "finitoiva" is used to describe a state or a goal where an individual has achieved financial independence and is no longer required to work, essentially being "finished" with their working career.

This concept goes beyond simply accumulating wealth; it emphasizes having enough passive income or assets to cover living expenses indefinitely without needing to earn active income. The "finitoiva" mindset often involves aggressive saving, investing, and often a conscious effort to reduce expenses or live a more minimalist lifestyle. It represents a desire for freedom from the traditional nine-to-five work structure and the pursuit of life choices unconstrained by financial necessity.

While not a formal financial term, "finitoiva" captures the ultimate aspiration for many within the FIRE movement. It signifies the culmination of diligent financial planning and disciplined execution, leading to a life where time and personal pursuits take precedence over earning a salary. The exact amount of money required to reach "finitoiva" varies significantly based on individual spending habits, lifestyle choices, and geographic location.