3 ms·
"FIRE" is a "life strategy" like telling someone "have a money tree in your backyard" is a life strategy. Employers are loathe to give raises. Employers are lo
by deathanatos 3y ago
"FIRE" is a "life strategy" like telling someone "have a money tree in your backyard" is a life strategy.
Employers are loathe to give raises. Employers are loathe to even inflation adjust one's current pay. Putting in more work == no reward.
Even the strat of "job hop as fast as recruiters permit" chalks up only the most modest of gains, and certainly nowhere near FIRE territory unless you're lucky.
- csande17 3y agoThe other half of the equation is the amount you're spending. At least in tech, FIRE means finding a way to earn a San Francisco salary without paying for a San Francisco lifestyle, such that you're saving more than one year's expenses per year you work. It is surprisingly doable, particularly if you can land a remote job and then move somewhere cheap. (Doable for us software developers, anyway.)
- deathanatos 3y ago> At least in tech, FIRE means finding a way to earn a San Francisco salary without paying for a San Francisco lifestyle > if you can land a remote job and then move somewhere cheap. (Doable for us software developers, anyway.) Employers call this a "geographic adjustment", and will happily "geographically adjust" you as soon as you move. From their point of view: why should they pay you SF salary when you don't have SF costs?
- _yb2s 3y agoQuite a few people on here are making this same basic comment, and it seems to come from a misunderstanding of the 'FIRE' concept. It is not based on making a lot of money, but by living below your means, such that you can invest a large fraction of your income. A key part of the concept is that it can be done even with a very modest income. Look at the Mr. Money Mustache blog (https://www.mrmoneymustache.com/ https://www.mrmoneymustache.com/) for example.