5 ms·

You can FIRE with any salary range with thoughtful spending (save before you spend) and common-sense investing (buy-and-hold, cash generating assets). Though th

You can FIRE with any salary range with thoughtful spending (save before you spend) and common-sense investing (buy-and-hold, cash generating assets). Though the recent stock market opens up many opportunities for FIRE, it is an age-old proven way to retire or do-your-own-thing rather living paycheck-to-paycheck

dQw4w9WgXcQ 5y ago
Good point, let's all FIRE tomorrow and see what happens. That age-old "work to collectively add value to the economy" thing really gets old after awhile.
- seattle_spring 5y ago
  The only people who could FIRE are those that have saved enough to live on the interest. That definitely doesn't describe "us all," not even close. Also... I hate the power your username has over my mind. It's never going to give me up
- zz865 5y ago
  Yeah its almost a new aristocracy where people have fun while everyone else works.
  - tonyedgecombe 5y ago
    The funny thing is most working people will look at the spending levels required to achieve FIRE and decide they don't want to make the sacrifice. They are in a prison of their own making. Of course it's easy to see how they arrived in this situation. There is a constant stream of propaganda telling us we need to spend in order to become successful. Without that SUV you aren't a good parent, without the big house you can't be a good partner, without the expensive holidays you must be a loser. Thank Bernays[1] for all of this. Not many people can resist that and take a different path which is why we don't need to worry about "what if everybody does it". [1] https://en.wikipedia.org/wiki/Edward_Bernays https://en.wikipedia.org/wiki/Edward_Bernays
lotsofpulp 5y ago
I do not see how this is possible for the bottom few income deciles considering healthcare costs. Definitely not possible for many more income deciles if you have children and still want to protect against healthcare costs.
- TheSmiddy 5y ago
  Healthcare is easily solved by letting go of the requirement to live in the United States and living almost anywhere else.
  - black_13 5y ago
    Yes that works for all the newly born. We can launch the them into space.
- sgerenser 5y ago
  Healthcare costs are dirt cheap if you make between 133 and 200% of the FPL. Look into ACA subsidies and “enhanced cost sharing.”

dQw4w9WgXcQ 5y ago

Good point, let's all FIRE tomorrow and see what happens. That age-old "work to collectively add value to the economy" thing really gets old after awhile.

seattle_spring 5y ago
The only people who could FIRE are those that have saved enough to live on the interest. That definitely doesn't describe "us all," not even close. Also... I hate the power your username has over my mind. It's never going to give me up
zz865 5y ago
Yeah its almost a new aristocracy where people have fun while everyone else works.
- tonyedgecombe 5y ago
  The funny thing is most working people will look at the spending levels required to achieve FIRE and decide they don't want to make the sacrifice. They are in a prison of their own making. Of course it's easy to see how they arrived in this situation. There is a constant stream of propaganda telling us we need to spend in order to become successful. Without that SUV you aren't a good parent, without the big house you can't be a good partner, without the expensive holidays you must be a loser. Thank Bernays[1] for all of this. Not many people can resist that and take a different path which is why we don't need to worry about "what if everybody does it". [1] https://en.wikipedia.org/wiki/Edward_Bernays https://en.wikipedia.org/wiki/Edward_Bernays

lotsofpulp 5y ago

I do not see how this is possible for the bottom few income deciles considering healthcare costs. Definitely not possible for many more income deciles if you have children and still want to protect against healthcare costs.

TheSmiddy 5y ago
Healthcare is easily solved by letting go of the requirement to live in the United States and living almost anywhere else.
- black_13 5y ago
  Yes that works for all the newly born. We can launch the them into space.
sgerenser 5y ago
Healthcare costs are dirt cheap if you make between 133 and 200% of the FPL. Look into ACA subsidies and “enhanced cost sharing.”