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my takeaway from FIRE is that it's largely about getting your spending under control (easier to reduce spending by $50K than earn $50K post-tax) and then gettin
by maximente 7y ago
my takeaway from FIRE is that it's largely about getting your spending under control (easier to reduce spending by $50K than earn $50K post-tax) and then getting enough of a cushion to do something better for you personally or the world that might not pay as much as your old job.
so some people that did nothing but sit on the beach after FIREing may be uneasy, but a lot of people transition into other fields that just aren't necessarily as lucrative.
- roenxi 7y ago> So some people that did nothing but sit on the beach after FIREing may be uneasy. They'll be fine; they've been enjoying sitting on the beach. More savings doesn't protect someone from a market collapse, it just exposes them further. A rational long term investor - assuming the stock market was going to stay like this forever - would have avoided saving any money for the last few years and would probably have been sitting on the beach enjoying themselves.