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Critics of FIRE really like to hone in on the "RE" part, but most people I know who are aspiring toward the goal are much more focused on the "FI" part. It's n
by ptmcc 5y ago
Critics of FIRE really like to hone in on the "RE" part, but most people I know who are aspiring toward the goal are much more focused on the "FI" part.
It's not so much that you can retire to sitting on your ass at 35, but it's that you've made your millions and can quit the grinding corporate job and do something less stressful and/or more meaningful, and quite likely less lucrative, without taking a big lifestyle hit. It's about having the ability to build the lifestyle you want. Having that big bank account gives you options and freedom.
Few people I know working toward FIRE are aspiring toward doing nothing in "retirement".
- mywittyname 5y agoAlso, whatever you do after the "RE" part could very well end up being much more lucrative than being a well-paid wage earner could have ever been. When you take a smart person, make their life boring, and throw them enough capital that they can afford to do anything they want, the end result is often innovation.