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06-11-2019, 03:55 PM
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#1
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Jun 2008
Posts: 13,150
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F.I.R.E Movement
Never thought of FIRE as part of a movement. But apparently, so  .
From the morning news:
 Quote:
There's a fast-growing trend among frugal young Americans: saving aggressively to retire early.
The "Financial Independence, Retire Early," or F.I.R.E., movement encourages people to live a thrifty life and save a high portion of their income in order to take control of their financial independence in the future.
Kiersten Saunders, 34, and her husband Julien, 39, have embraced the movement.
"I would say the genesis for me is really an act of social and cultural rebellion," Julien said. "We are in an environment where consumer culture is really extreme, where work culture is really extreme, and I would have these conversations with friends and family members who didn't enjoy their jobs but kept doing it because they had to. And they still didn't have any savings, and the cycle just repeated [itself] to where they were essentially living their lives in debt
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https://www.cbsnews.com/news/financi...decades-early/
__________________
Have you ever seen a headstone with these words
"If only I had spent more time at work" ... from "Busy Man" sung by Billy Ray Cyrus
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06-11-2019, 04:07 PM
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#2
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Moderator
Join Date: Feb 2010
Location: Flyover country
Posts: 25,362
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I don't think they're looking at retirement the way most of us are.
Quote:
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I think the other misconception about F.I.R.E. is that you have to retire, and that retiring means that you're not doing anything," Kiersten said. "Unfortunately, the language around work hasn't evolved as much as it has in other areas of society. And so retirement for us is meaningful work: Work that we control, work that we can predict and that we have some input into, versus it being cascaded to us from a boss or a boss's boss."
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__________________
I thought growing old would take longer.
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06-11-2019, 04:08 PM
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#3
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Jan 2018
Location: Tampa
Posts: 11,300
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Quote:
Originally Posted by braumeister
I don't think they're looking at retirement the way most of us are.
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+1
No paid work again for me.
__________________
TGIM
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06-11-2019, 04:26 PM
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#4
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Feb 2013
Posts: 9,358
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There's a word for the job part other than retirement - downshifting, "to leave a job that is well paid and difficult in order to do something that gives you more time and satisfaction but less money."
Otherwise, I agree with their sentiments about dropping out of the consumer culture. We find it to be a real money saver.
__________________
Even clouds seem bright and breezy, 'Cause the livin' is free and easy, See the rat race in a new way, Like you're wakin' up to a new day (Dr. Tarr and Professor Fether lyrics, Alan Parsons Project, based on an EA Poe story)
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06-11-2019, 04:34 PM
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#5
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Thinks s/he gets paid by the post
Join Date: Jan 2008
Posts: 1,671
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Quote:
Originally Posted by daylatedollarshort
There's a word for the job part other than retirement - downshifting, "to leave a job that is well paid and difficult in order to do something that gives you more time and satisfaction but less money."
Otherwise, I agree with their sentiments about dropping out of the consumer culture. We find it to be a real money saver.
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Gearginding - leaving a job for another job thinking it will be different, only to find out it is as much of a PITA as the one you left.
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06-11-2019, 04:39 PM
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#6
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Feb 2013
Posts: 9,358
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Quote:
Originally Posted by jebmke
Gearginding - leaving a job for another job thinking it will be different, only to find out it is as much of a PITA as the one you left.
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That is certainly something to consider. But if they really reach financial independence, they could try different second careers until they find a good fit.
__________________
Even clouds seem bright and breezy, 'Cause the livin' is free and easy, See the rat race in a new way, Like you're wakin' up to a new day (Dr. Tarr and Professor Fether lyrics, Alan Parsons Project, based on an EA Poe story)
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06-11-2019, 05:24 PM
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#7
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Mar 2011
Posts: 8,421
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"...You keep saying that word. I don't think that word means what you think it means..." (Inigo Montoya; Princess Bride)
__________________
Living well is the best revenge!
Retired @ 52 in 2005
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06-11-2019, 05:32 PM
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#8
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Thinks s/he gets paid by the post
Join Date: Dec 2017
Posts: 2,555
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I've been on the path to FIRE since 1999, and to me, it was never a movement, but a goal. And certainly not as a frugal FIRE.
__________________
Balance in everything.
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06-11-2019, 05:42 PM
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#9
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Apr 2013
Posts: 11,078
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Quote:
Originally Posted by Dtail
+1
No paid work again for me.
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+1
There's not enough jack.
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06-11-2019, 06:09 PM
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#10
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Dryer sheet wannabe
Join Date: Sep 2010
Location: Seattle
Posts: 12
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Quote:
Originally Posted by easysurfer
Never thought of FIRE as part of a movement. But apparently, so . |
The New York Times has an interesting article by Charlotte Cowles with a different perspective on FIRE: “For These Women, a FIRE That Burns Too Male and Too White”
https://www.nytimes.com/2019/06/07/b...e=sectionfront
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06-11-2019, 06:33 PM
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#11
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Sep 2005
Location: Northern IL
Posts: 26,899
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06-11-2019, 06:46 PM
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#12
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Thinks s/he gets paid by the post
Join Date: Jan 2017
Location: Des Moines
Posts: 1,389
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Quote:
Originally Posted by easysurfer
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In my mid 30's I was too busy working and taking care of my family to think about such things.
__________________
Retired in 2013 and we are living the dream!
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06-11-2019, 07:28 PM
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#13
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Mar 2016
Posts: 8,968
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I had no idea what FIRE was until after I retired.
As far as movements go, I like at least 1 a day.
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06-11-2019, 07:47 PM
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#14
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Thinks s/he gets paid by the post
Join Date: Jul 2015
Posts: 1,103
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Quote:
Originally Posted by Dtail
+1
No paid work again for me.
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+2
I'm doing a traditional retirement, ie have fun/do nothing all day, but at a non-traditional, earlier age of 45. I always admired the fun and relaxed pace traditional retirees seemed to enjoy, but I dreaded all the health issues that even money couldn't entirely vanquish. So I figured the best bet was to retire ASAP. So far, so good, 4 years + in.
Quote:
Originally Posted by RobbieB
I had no idea what FIRE was until after I retired.
As far as movements go, I like at least 1 a day.
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Yep, I had no idea it was as movement or that others were talking about it. I guy at w*rk bailed out at 57, with help from ACA. That got me seriouly thinking, and I left about a year later. If I knew FIRE was all the rage, maybe I would have pushed harder and escaped 5 years earlier still!
__________________
Living the dream...
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06-11-2019, 11:38 PM
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#15
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Thinks s/he gets paid by the post
Join Date: Feb 2016
Location: SoCal
Posts: 1,293
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Quote:
Originally Posted by RobbieB
I had no idea what FIRE was until after I retired.
As far as movements go, I like at least 1 a day.
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Dr Oz said 1-4 movements daily is an acceptable range. Sometimes I'm on the upper end of that range.
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06-12-2019, 08:26 AM
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#16
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Jun 2008
Posts: 13,150
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I never heard of the acronym FIRE until stumbling on this board.
Didn't know there were so many variations of the similar objective. The way I see, there are many roads to the same destination.
__________________
Have you ever seen a headstone with these words
"If only I had spent more time at work" ... from "Busy Man" sung by Billy Ray Cyrus
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06-12-2019, 08:47 AM
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#17
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: May 2013
Location: Les Bois
Posts: 5,761
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Quote:
Originally Posted by Dtail
+1
No paid work again for me.
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Amen brother!
__________________
You can't be a retirement plan actuary without a retirement plan, otherwise you lose all credibility...
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06-12-2019, 08:49 AM
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#18
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Mar 2005
Location: Chicago
Posts: 13,186
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Quote:
Originally Posted by braumeister
I don't think they're looking at retirement the way most of us are.
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Yep. Those folks are really talking about "career change" rather than FIRE as it's typically discussed here.
__________________
"I wasn't born blue blood. I was born blue-collar." John Wort Hannam
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06-12-2019, 12:10 PM
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#19
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Nov 2009
Posts: 6,698
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Quote:
Originally Posted by Dtail
+1
No paid work again for me.
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+2 (+3?) same here.....I remember completing my 2009 tax returns, my first ones with zero wage income. That was nice, really nice, just like writing, "Retired" for my occupation.
On a similar line, I get a little chuckle when I hear on the news about someone moaning about the dropping labor force participation rate, especially among males aged 21-65 (or something similar). I raise my hand and say, "Me me me me," because of my early retirement! How come I never see any news stories connecting these two dots - IRE n the dropping LFPR?
__________________
Retired in late 2008 at age 45. Cashed in company stock, bought a lot of shares in a big bond fund and am living nicely off its dividends. IRA, SS, and a pension await me at age 60 and later. No kids, no debts.
"I want my money working for me instead of me working for my money!"
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06-12-2019, 01:01 PM
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#20
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Gone but not forgotten
Join Date: Jan 2007
Location: Sarasota,fl.
Posts: 11,447
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IMO the FIRE fad will last until it loses it's appeal and the blogs dry up .
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