The Problem with the “FIRE” Movement

Comments · 1.3K

• CH

  @christophermiles5419 · 2 years ago

  I don’t want to retire early.  I want the ability to retire early.  The FU state of mind.

  3.1K

• EL

  @eldanielromero · 2 years ago

  Being ultra frugal was the best thing I could have done in my early 20’s. It’s easier to train yourself to spend, than it is to train yourself to not spend. It feels more rewarding this way.

  547

• AL

  @alessandrasmota · 2 years ago

  Love how the Money Guys created a new acronym for ppl that actually like working but don't want to retire, but want to just do something else or reduce working hours: FINE: financial Independence, next endeavor.

  780

• AN

  @andresgarciacastro1783 · 2 years ago

  Most good stuff in life isn't expensive: a nice dinner with friends, playing board games, playing instruments, dancing, painting, playing videogames, hiking, biking...

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• XM

  @xmochix604 · 2 years ago

  Financial Independence is the key. Whatever you choose to do is up to you! No one wants to be tied to their job.

  515

• MA

  @madmax17497 · 2 years ago

  I hit FI in my late 40’s and retired at 54. Time freedom is a beautiful thing!

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• TC

  @Tchild2 · 2 years ago (edited)

  I just make sure that I save 20-30% of my income, then I buy those lattes, first class tickets and drive my Mercedes. &nbsp;When I think back over my adult years, it is all a blur, time melding from one year to another with few notable moments. &nbsp;The only thing that helps me keep time and what I truly cherish and remember are the memories I have had traveling with my family and friends. &nbsp;Everything else is just a fading mirage.<br><br>In 2015, I just went out and bought tens of thousands of dollars worth of outdoor lifestyle toys: Camper, motorcycles, truck to pull camper and we went out with out kids to Moab and other beautiful spots around Utah for the next five years. &nbsp;My kids are now grown and gone and I now realize that was the best money I spent....ever.<br><br>You cannot get your time back and when you are older, you realize that time is the most valuable commodity anyone has. &nbsp;Save, but don&apos;t exchange time for money.

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• TE

  @TechDaly · 2 years ago

  Never thought about this in this way. I personally started my fire journey the wrong way, I was letting it dictate what I ate and did for fun in order to maximize savings. I still am striving for FIRE but now have a healthier relationship with money and save as much as I can but splurge on things that bring me happiness.

  134

• MN

  @MNP208 · 2 years ago

  A new term I recently learned is &quot;Barista FIRE&quot;. You work until reaching the crossover point, then continue to work a part-time job. I tried retiring in my 50&apos;s, but quickly realized I wasn&apos;t ready to fully retire. I enjoy my job even more knowing that I get to pick and choose when I work. We travel and spend time with family when WE choose, not when our employer chooses.

  198

• DO

  @DonaldG2 · 11 months ago

  I feel like people don’t talk enough about the side effects of getting FIRE, specifically the mental health part.

  3

• KH

  @KhinJohnson · 2 years ago

  My husband introduced the idea of FIRE to me and that&apos;s how I got interested in personal finance. I learnt all about investing, 4% rule, etc. But we don&apos;t want to retire early because we love our jobs. We are self-employed and have an excellent work-life balance. We do invest a lot so that we are FI. Being FI gives us a lot of freedom in life and in business.

  7

• VU

  @vulpeeze · 2 years ago

  I only want to do FIRE so I can still spend extravagantly while i pivot from my well paying career to my dream but lower paying career

  296