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It's hard for me to get into it. It seems that you basically just work your ass off for 20 years, live like a pauper, then you can retire once your (arguably) b
by Cofike 8y ago
It's hard for me to get into it. It seems that you basically just work your ass off for 20 years, live like a pauper, then you can retire once your (arguably) best years are gone. I'd rather just work and spend my money and experience things during that time.
What also kind of bugged me with this article was that it sounds so crazy that these two people are doing this so young but then it's revealed they made a bunch of dosh off crypto which cheapens it a bit for me. This isn't just a road map one can follow, it implies some sort of luck ahead of time. I guess fortune favors the bold.
- robotcookies 8y ago> I'd rather just work and spend my money and experience things during that time. That makes sense if the things you enjoy cost a lot. But not everyone needs a lot of money to do things they enjoy. For those people, the real cost of having a day to day job is time. For example, I may really enjoy biking and that is a hobby which does not require much money - but it does need daylight and with a full time job you lose the majority of that.
- bradlys 8y agoThis in essence is what makes me (and presumably many others) incompatible with FIRE. The things I like to do, the places I like to live, and the standard of living I like cost too much for it to be compatible.
- atwebb 8y agoYour 40s come much earlier than you realize. I'm not full FIRE and haven't always pursued the highest income but am at a point where previous decisions and frugality are paying off. The future is unknown. The single best thing I did was focus on my health, that's an investment that will pay off as I age, regardless of my net worth.