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re: Anyone here familiar with the FIRE movement toward early retirement?
Posted on 9/10/18 at 8:19 am to mule74
Posted on 9/10/18 at 8:19 am to mule74
I really have never understood the idea of early retirement. Retirement to me is when you stop working essentially. Actually retiring in your 40s is absurd, I don’t care how much money you have.
Financial independence is a different story completely. I plan on being financially independent in my early 50s. I’m about to quit my 8-5 and work my own business full time. There’s nothing wrong with living frugally, but I also think it’s more absurd to make fun of people that want to work 40 hours or less to have a better financial living situation. There’s a difference between enjoying your job and working 40 hour weeks in your 40s and 50s and working 50-60 hours and hating your life.,
Financial independence is a different story completely. I plan on being financially independent in my early 50s. I’m about to quit my 8-5 and work my own business full time. There’s nothing wrong with living frugally, but I also think it’s more absurd to make fun of people that want to work 40 hours or less to have a better financial living situation. There’s a difference between enjoying your job and working 40 hour weeks in your 40s and 50s and working 50-60 hours and hating your life.,
1
Posted on 9/10/18 at 10:15 am to baldona
Agreed. Financial independence is more important than early retirement, IMO. Those two can easily be decoupled.
Posted on 9/10/18 at 10:35 am to lynxcat
Anyone else getting really tired of the FIRE acronym?
Posted on 9/10/18 at 1:59 pm to lynxcat
The point I failed to make in my other post is it makes no sense to "retire" but find a volunteer, side gig, or hobby to keep you busy and/or make money.
I will also say that I started out after college for a non-profit and I have done quite a bit of work for others since then. Its really not a "fun" gig. Most are constantly looking for money and acting hard up financially. Its not something enjoyable IMO to be around in a retirement situation, the last thing I want to do in retirement is beg other people for money or worry about money for someone else. You are better off working a job you actually enjoy and donating money to the charity of your choice. It does them more good than to have a previous $100k employee working a minimum wage type of job.
I completely understand wanting to get out of the corporate grind before your 60s. I just feel there are ways to work for a lower salary and enjoy your life, while also getting a good bit of time off and away from work.
I will also say that I started out after college for a non-profit and I have done quite a bit of work for others since then. Its really not a "fun" gig. Most are constantly looking for money and acting hard up financially. Its not something enjoyable IMO to be around in a retirement situation, the last thing I want to do in retirement is beg other people for money or worry about money for someone else. You are better off working a job you actually enjoy and donating money to the charity of your choice. It does them more good than to have a previous $100k employee working a minimum wage type of job.
I completely understand wanting to get out of the corporate grind before your 60s. I just feel there are ways to work for a lower salary and enjoy your life, while also getting a good bit of time off and away from work.
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