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> the FI part of it is an outright lie This is a perspective I haven't encountered before! Would you be willing to expand a bit?
by zrail 5y ago
> the FI part of it is an outright lie
This is a perspective I haven't encountered before! Would you be willing to expand a bit?
- jstx1 5y agoPerhaps I was too harsh. What I don't like about FI is that it pretends to be able to quantify the expenses that you'll need in the future with models like the 4% rule which make so many assumptions that the model is useless in practice (or at least the model is dishonest about the risks - one story of early retirement discussed on HN - https://news.ycombinator.com/item?id=26543527 https://news.ycombinator.com/item?id=26543527) So when you challenge the idea that those people are genuinely financially independent, the argument that usually comes up is "it's still better than not having that nest egg at all" or "you don't need to stop working, you need to be able to" - which is just another way to say that it's better to have more money (duh).
- zrail 5y agoThank you for elaborating. That makes perfect sense.