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FWIW there is a "fat-FIRE" community that takes this approach. But in the end that just boils down to requiring a huge income for some period of time.
by jebarker 2y ago
FWIW there is a "fat-FIRE" community that takes this approach. But in the end that just boils down to requiring a huge income for some period of time.
- ghaff 2y agoI've known to greater or lesser degrees a few investment banker who largely retired very young. I'm sure their jobs were very stressful but they made bank and got out young and AFAIK never really regretted it.
- darkwater 2y agoIn the end it's the mentality that matters. In my very very humble opinion, there are no big differences, given the same economic landscape and possibilities for 2 individuals, when one obsesses over FIRE and another that obsesses over having to work and feeling bored if not working. What you described seems the right balance, even if they overworked themselves too much for a few years. If they were able to pull the plug and enjoy life afterwards with family, hobbies, travels and pet projects, well, it was worth it IMO.
- ghaff 2y ago>possibilities for 2 individuals, when one obsesses over FIRE and another that obsesses over having to work and feeling bored if not workin There are definitely individuals for whom work/salary is a means to acquiring a big enough pile to buy a nice house, travel, educate their kids, etc. I also worked with someone, who was by no means a workaholic, but didn't really like to travel, had a modest set of hobbies, and got bored around the house. So he mostly didn't take vacation and was very content to keep working.