5 ms·
> FIRE is about reducing spending. NO. Sure, people can achieve FIRE by being frugal, but hoarding money won't get you anywhere. It's how you use it that's i
by subhobroto 6y ago
> FIRE is about reducing spending.
NO.
Sure, people can achieve FIRE by being frugal, but hoarding money won't get you anywhere.
It's how you use it that's important.
For example, you can also achieve FIRE by setting up cashflow sources so that you are net positive cashflow.
FIRE is about learning that your life depends on net positive cashflow and figuring out ways to achieve that.
- burntoutfire 6y agoThat's one of the approaches. But you can also live off the savings if you don't like risk.