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Old 04-17-2005, 03:05 AM   #1
Thinks s/he gets paid by the post
Join Date: Dec 2002
Posts: 3,875

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
use this.


Finances Literally Ignored Early Retirement

I kind of like it, don't you?


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Old 04-17-2005, 01:28 PM   #2
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
cute fuzzy bunny's Avatar
Join Date: Dec 2003
Location: Losing my whump
Posts: 22,697

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.
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Old 04-17-2005, 03:35 PM   #3
Thinks s/he gets paid by the post
Join Date: Dec 2002
Posts: 3,875

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.

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