I have decided that FIRE does not fit my situation
and have taken it upon myself to produce an
acronym to more accurately describe my retirement.
Others who follow my path (if any) may feel free to
Are you planning to be financially independent as early as possible so you can live life on your own terms? Discuss successful investing strategies, asset allocation models, tax strategies and other related topics in our online forum community. Our members range from young folks just starting their journey to financial independence, military retirees and even multimillionaires. No matter where you fit in you'll find that Early-Retirement.org is a great community to join. Best of all it's totally FREE!
You are currently viewing our boards as a guest so you have limited access to our community. Please take the time to register and you will gain a lot of great new features including; the ability to participate in discussions, network with our members, see fewer ads, upload photographs, create a retirement blog, send private messages and so much, much more!
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Dec 2003
Location: Losing my whump
I'm gonna take a flier on this one...
Be fearful when others are greedy, and greedy when others are fearful. Just another form of "buy low, sell high" for those who have trouble with things. This rule is not universal. Do not buy a 1973 Pinto because everyone else is afraid of it.
Well hey................. as I have said many times, I do not recommend my approach to anyone. For me the
decision was easy. The bottom line is my massive ego
allows me to leap where others fear to tread. I ALWAYS
expect to come out on top. Always!
A couple of examples:
In 1990 I bought a manufacturing company by borrowing 100% of the price. My banker said
that he had talked to former employees who told him
the company was DOA. Was I deterred? Nope.
Bought it anyway, and it worked out fine. In 1991 I took up
motorcycles. After about 30 days experience I packed up and left for the west coast. My wife said, "Are you sure you are ready for this?" I said, "I'll learn on the trip."
Fear can hold you back in all areas of living. Don't allow it. We'll all be dead soon enough and all of your worries and fretting over relationships/investments/retirement/health/etc won't mean diddly squat.
This community was started in 2002 as an alternative to a then fee only Motley Fool. The focus of the discussions is on topics related to early retirement and financial independence. The community is moderated to ensure a pleasant experience for our members.