The Truth About FIRE

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There's rarely any Youtube video that pokes at the FIRE movement. Here's one that honestly and gracefully poked at it.

Richard Coffin @ The Plain Bagel

Quoting - "Often I ll see someone promoting FIRE as something that comes down more to mindset than your circumstance as though it's something available to everyone."

Quoting - "Whether it's worth taking the risks and downsides associated with FIRE comes down to your own VALUE."


My takeaway on whether FIRE is for one or not is very simple - 

Can FIRE bring you what you desire and enjoy in life?


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Comments

  1. CreateWealth888831/03/2022, 08:10

    Most of us should pursue FI as one of our financial and investing goals and open up more options down the road. Not all of us need to FIRE!

    ReplyDelete
    Replies
    1. Rainbow31/03/2022, 19:44

      Hi Uncle8888,

      I fully agree.
      It is a means to help us open up more options down the road, it is not an end in itself.

      Delete
  2. Anonymous31/03/2022, 09:49

    Just like advertising & marketing BS, people focus on the fun of the RE part.

    Not on the sacrifices or slog of the FI process.

    Human tendency to think in short term, get things or achieve things quickly. I.e. get rich quick mentality.

    ReplyDelete

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