First, a definition of terms . . .
FIRE is a movement whose goal is financial independence and retiring early. The model is particularly popular among millennials, gaining traction through online communities via information shared in blogs, podcasts, and online discussion forums. Those seeking to attain the goals of FIRE intentionally increase the rate by which they save their income through simple living or generating secondary and passive streams of income. The goal is to save an amount for which the interest generated from investments provides enough money for living expenses in perpetuity.
This movement has its pitfalls, critics and some people who just don't get it.
In this post, one of our favorite local scribes considers a money talkers understanding of low key economic concepts and offers some great insights about this modern day frugality trend.
Checkit:
LR Blog: Suze Orman and the FIRE Movement
You decide . . .
If you knew anything about economics you would have spared yourself the embarrassment of even mentioning Suze Orman.
ReplyDelete^^^ I think he's calling her out. Overall, great post, didn't know about FIRE but now I want to learn more. Thank you LR blog.
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