Freedom56
Thinks s/he gets paid by the post
Barron's article on FIRE updated today. Some of the highlights:
"Yet far from dousing interest in FIRE, so far it seems as if the crisis may lead more people to investigate the philosophy. Just as people flocked to the movement in the wake of the 2008 financial crisis, those who feel burned by the current crisis may find themselves turning to FIRE strategies in a bid to be more self-sufficient."
Many FIRE adherents start out in good financial shape. They are often financially disciplined millennials or Gen-Xers with well-paid jobs, banking big chunks of their salary in hopes of making an early exit from the workforce. Given their relatively long time horizons, they often take on a lot of investment risk.
Yet even though many pursuing a FIRE strategy invest aggressively, they employ some strategies that may leave them particularly well suited to weather the economic storm. They often emphasize large emergency funds , low costs of living, and well-diversified investments and income streams.
https://www.barrons.com/articles/th...its-winning-new-fans-51588941001?mod=hp_DAY_4
"Yet far from dousing interest in FIRE, so far it seems as if the crisis may lead more people to investigate the philosophy. Just as people flocked to the movement in the wake of the 2008 financial crisis, those who feel burned by the current crisis may find themselves turning to FIRE strategies in a bid to be more self-sufficient."
Many FIRE adherents start out in good financial shape. They are often financially disciplined millennials or Gen-Xers with well-paid jobs, banking big chunks of their salary in hopes of making an early exit from the workforce. Given their relatively long time horizons, they often take on a lot of investment risk.
Yet even though many pursuing a FIRE strategy invest aggressively, they employ some strategies that may leave them particularly well suited to weather the economic storm. They often emphasize large emergency funds , low costs of living, and well-diversified investments and income streams.
https://www.barrons.com/articles/th...its-winning-new-fans-51588941001?mod=hp_DAY_4