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Hunger is a pesky thing, however. And I tend to agree with the conclusion of the article - what's the point in saving that money if one has to live on a shoest
by kemitche 5y ago
Hunger is a pesky thing, however.
And I tend to agree with the conclusion of the article - what's the point in saving that money if one has to live on a shoestring budget to acquire it? Specifically the "work all your life, end with $8 million" case. FIRE is different, with the value being the option to stop working much much earlier than 65 years old.
- the-dude 5y agoThe analogy just popped before my eyes, that is all. They both claim to have 'really simple solutions to problems'. Except it is not easy at all. It is very hard.
- marvin 5y agoHard in the "lots of elbow grease" sense of the word. Maybe also in the "unlikely for you, personally, to have the perseverance for" sense, for a given person. Not hard as in conceptually difficult to implement.
- ulucs 5y agoIt's really simple, which does not necessarily imply easy
- xboxnolifes 5y agosimplicity is orthogonal to difficulty. The solution is simple, but difficult.
- deleted 5y ago[deleted]
- nemo44x 5y agoSecurity. Knowing you have the wealth to subside on if need be is really nice. Some people call it “fuck you money” which is freedom. It’s funny they reference Taleb here but he also makes the point that can’t be “cancelled” and is “anti-fragile” precisely because he’s rich and depends on no one.