Join Early Retirement Today
Thread Tools Search this Thread Display Modes
Changes in FIRE
Old 10-10-2007, 06:36 AM   #1
Recycles dryer sheets
Join Date: Sep 2004
Posts: 330
Changes in FIRE

I'm interesting in knowing how FIRE has changed over the past decade or two. I realize it may not have been called FIRE but the concept I'm sure has been around for awhile. Particularly:
1) have ages gotten younger for initiating FIRE
2) has the amount of money one has at the time of FIRE changed
3) has the internet(more info, faster) made a difference
4) have stress levels in this country contributed
5) have perpsectives on the future played a role as well as increasing life expectancy.
6) more dissatisfaction with jobs, occupation and seeing a way out.
7) less tolerance for putting up with BS

How do you see FIRE changing over the next decade?
ferco is offline   Reply With Quote
Join the #1 Early Retirement and Financial Independence Forum Today - It's Totally Free!

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 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!

Old 10-10-2007, 06:45 AM   #2
Full time employment: Posting here.
Sandy's Avatar
Join Date: Dec 2006
Location: Florida
Posts: 854
ferco, I can't possibly answer all of your questions, which are good. I only have a story for an example.

In the late 70's my uncle sold a business and did quite well. After that, he was always "looking" for work, but could afford to take his time. He took 2 or 3 positions over the next 20 years but the stints were short lived (less than 1 year each). So, you could say he FIREd. But, NO ONE ever said he "retired". The reluctance to say he was retired was so strong that I never framed his situtation that way until I came to this board in 2006 and had one of those "ah ha" moments.

Maybe next time I see him I will ask him if thought he was RE.
I would not have anyone adopt my mode of living...but I would have each one be very careful to find out and pursue his own way, and not his father's or his mother's or his neighbor's instead. Thoreau, Walden
Sandy is offline   Reply With Quote
Old 10-10-2007, 07:35 AM   #3
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
dex's Avatar
Join Date: Oct 2003
Posts: 5,105
What interests you about how/if it changed?
Sometimes death is not as tragic as not knowing how to live. This man knew how to live--and how to make others glad they were living. - Jack Benny at Nat King Cole's funeral
dex is offline   Reply With Quote
Old 10-10-2007, 07:42 AM   #4
Thinks s/he gets paid by the post
OAG's Avatar
Join Date: Jun 2006
Location: Central, Ohio, USA
Posts: 2,634
Since I "retired" 28 years ago from the military when I was 38 years old I do not think it has gotten much lower in age.

When I "retired" the money was very much less than it is now. My "retired pay", which was the backbone of the ability to "retired" has just about tripled at this point. Sometimes I think that, if I knew what I do now then, maybe I would not have done it -- but no regrets and "you cannot go back".

When I "retired" I too never considered myself retired. I did do other things but because I felt they were voluntary on my part there was VERY little stress. If I did not like the things I was doing I could, and did, just quit doing them and look for something else.

Additionally, although I "retired early" I did not consider my self FI yet. In fact after 28 years I am just starting to getting used to the idea of FI.

I did really retire in 1988, or so, (totally stopped doing anything for money, and am not looking for anything to do for money now).

The internet did not play much of a role but, as time goes on, it has made things much more convenient. In 79 there was no public internet and the BBS (Bulletin Board Services) via a 28 kbs modem did not even start until about 82 or so.

Stress did play an important role back in 79 and the BS factor was pretty heavy at the time - the fact that I did have the earned retirement looking me in the face after 21 years made it much easier to just "get out".

There were many financial hurdles after 79 that had to be negotiated (4 kids to get through college, 4 marriages, a home for a parent, relocation(s), etc., etc.,). But in hindsight they all were negotiated and today we (my wife, myself and our family) are just fine.

Hope this will give you some insight into an almost 3 decade adventure.
Vietnam Veteran, CW4 USA, Retired 1979
OAG is offline   Reply With Quote
Old 10-10-2007, 07:43 AM   #5
Recycles dryer sheets
Join Date: Sep 2004
Posts: 330
Just looking at the trending view of FIRE...Life and things in general tend to run in cycles; in addition, understanding human psychosocial phenomena, over time is interesting.
ferco is offline   Reply With Quote
Old 10-10-2007, 08:13 AM   #6
Thinks s/he gets paid by the post
kaudrey's Avatar
Join Date: Feb 2006
Location: Alexandria, Va
Posts: 1,016
I can also just provide an example from personal experience.

My parents FIRE'd in 1994 at the age of 57. They had pretty much planned it for as long as I can remember (they bought the land they now live on in the early 80s, I think).

My father's sister, thanks in part to a good divorce settlement but also thanks to living WAY below her means, retired at 55, and worked part time in the few years before that.

I plan to retire at 52 (I'm 38 now). Not sure if I'll have more money than they do on an inflation-adjusted basis, although I probably will.

Guess it's in my blood...
kaudrey is offline   Reply With Quote

Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
Thread Tools Search this Thread
Search this Thread:

Advanced Search
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off

Similar Threads
Thread Thread Starter Forum Replies Last Post
FIRE isn't for everybody MasterBlaster Life after FIRE 52 09-05-2008 04:34 PM
FIRE me, please! Webzter Hi, I am... 9 07-08-2007 10:28 AM
FIRE at 39 missionfinder Hi, I am... 5 04-10-2007 11:01 AM
NW since FIRE tryan FIRE and Money 15 08-31-2006 01:51 PM
I'm on FIRE zbwmy Hi, I am... 0 03-31-2004 06:06 PM

» Quick Links

All times are GMT -6. The time now is 11:03 PM.
Powered by vBulletin® Version 3.8.8 Beta 1
Copyright ©2000 - 2021, vBulletin Solutions, Inc.