FIRE opposites

[MrsHaloFIRE]

From the military community "deployment car" or more commonly, truck

 

[nancyfrank232]

We've seen others, maybe even ourselves at one time, who not only didn't follow a FIRE lifestyle, but also did the opposite. What are some phrases associated with FIRE opposites?



paycheck to paycheck

lottery

casino

buy now, pay later

no Plan B

no Plan A

FIRN = Financial Independence Retire Never

Spokesperson: Warren Buffett and Jeff Bezos

 

[omni550]

[-]FIRN = Financial Independence Retire Never[/-]

FIFY....

FDRN Financial Dependence Retire Never

 

[jazz4cash]

"It's expensive but I'm worth it..."

omni

+1
Or, I DESERVE x, y and z.

 

[homestead]

No payments for 2 years

 

[1-31-18]

“You were just lucky.”

 

[kcowan]

*Sigh*

I have a really close friend/hunting buddy who seems to spend an awful lot. Doesn't max 401k despite a 1XXk salary in a less than outrageous cost area and a working spouse who grosses 50 or so. AFAIK there is not a dime in the college fund for the two high school aged kids. The money all seems to go to status spending by his wife. She grew up poor and seems to be desperate to consistently live the high life. 3 week vacations in Hawaii, brand new Acura MDX, now they are planning an extensive kitchen renovation that will probably push 6 figures of cost (they are getting a second mortgage for this). He recently admitted to me that even when he does really well work-wise, the wife finds a way to spend whatever he earns (and then some, from what I can tell). It saddens me to watch this because they will be fine right up until the end of his career. Then it will all come crashing down in an ugly fashion.

That category would be called:

Spend 100% of available cashflow

 

[GravitySucks]

How about "People who have different priorities than this group"?

+1 Don't know how they do it, but lots of friends and family enjoying life living day to day.
Sometimes wish I could.

 

[lemming]

1XS 1st ex spouse
JG's "It's my money and I want it now" JG Wentworth (actually wentworth is a good name for this list)
Brand-ez must have the brand label showing
Sale-ers on sale? must buy
There is a whole group of new startups that offer rebates when you buy stuff-the ads are awful. ie"I saved so much money on rakuten that I paid for my wedding" That is a serious amount of spending at a 4% rebate.

 

[targatom2019]

LBYM - Live Beyond Your Means.

This is how my mind read LBYM here for quite awhile.

you could have an expensive boat or car and still LBYM

 

[bingybear]

In some ways this is an odd topic. One can follow FIRE and still buy a boat. One can go out for nice meals and to events around the town. On likely needs to be FI to the level they want to live. Just because they live at a higher financial level than you does not necessarily mean they are not FIRE.

now living beyond one's means would be a good one (which was posted)

 

[GrayHare]

first month free!

 

[mystang52]

Echoing an earlier reply: "I deserve it" despite not being able to afford it. Maybe they should heed William Munny's response to Little Bill in "Unforgiven."
Also, "I saved $5000!" while spending $10,000 and can't afford to spend anything close to that.

 

[targatom2019]

"tax deduction" you are lucky if you get 20% back of the interested paid.

 

[Walt34]

Quote from my ex:

"We'll just take out a loan."

 

[Calico]

Cash-out refinance

I'll start saving tomorrow

FOMO (insert latest trend/gadget/you name it)

 

[Scuba]

We are in the process of renting out our coastal condo and moving to the desert. A family came to view our condo and wanted to pay a year’s rent plus two months rent for security deposit up front in cash because they had bad credit. Their stated income was actually less than our monthly rent. They just sold a property, netted $285K, and were actually going to give us $70K for rent. We passed.

 

[Scuba]

Another term:
Reverse mortgage

 

[FIREd]

I know plenty of people who live paycheck to paycheck.

What I hear is along the lines of YOLO, money is meant to be enjoyed, enjoy now pay later, I deserve this, work hard play hard, I could always take out a loan, the lottery will solve my problems, spend it now get the raise later, etc... Who knows, they might end up getting more enjoyment out of life than us savers and planners.

A relative recently took my breath away when she declared that she deserved a new living room and that she would buy it on credit even if that meant cutting back on food. In this sentence, she is focusing with glee on "new living room" and I am focusing with horror on "buying on credit even if that meant cutting back on food". Two very different ways to look at the same situation.

 

[marko]

"Ladies, Liquor (and gambling), Leverage" (Charlie Munger) in all its varied forms.

Palm Beach is full of stories of incredible dynastic wealth evaporating over those three items.

We have a neighbor who blew through over $2MM playing Keno at a local restaurant. She had to sell her house and now pays rent to live in the house she inherited free and clear and lived in her whole life.

 

[Music Lover]

+1 Don't know how they do it, but lots of friends and family enjoying life living day to day.
Sometimes wish I could.

I enjoy life but living day to day (as in cheque to cheque) would take away much of my enjoyment. Living comfortably within my means gives me the most joy and comfort.

 

[bingybear]

Retiring before being financially independent

 

[CaptTom]

I try not to judge. For whatever reason, we're each endowed with different traits. In today's environment, I like to think those who budget and save come out ahead. But look at history. Look around the world. Things can change quickly. Those nimble enough to exist day-to-day without planning or caching resources could outlast us savers. You just never know.

Retiring before being financially independent

Hmmm. I think that's me. I retired when I thought I'd be able to survive OK without w*rking. As I've said since my first post here, about "shoestring retirement," I never considered myself FI. I'm dependent on a lot of things going right. My pension and my 401k are not infallible. SS is not guaranteed. Affordable health care options are always in doubt.

I'm not sure anyone is ever truly "independent." Look at the Great Depression in the US. Or any of the lesser recessions and boom-and-bust cycles since then. Look at the governments in upheaval, countries with runaway inflation, natural disasters, you name it.

One thing a messy divorce taught me is that there's very little I truly "own." Everything can be taken from you in a heartbeat. You don't have to be a Jeffrey Epstein. It can happen through no real fault of your own.

 

[Humbooster]

We've seen others, maybe even ourselves at one time, who not only didn't follow a FIRE lifestyle, but also did the opposite. What are some phrases associated with FIRE opposites?

paycheck to paycheck
lottery
casino
buy now, pay later
no Plan B
no Plan A

SNARL (Spend Now And Retire Later)

 

[Souschef]

“You were just lucky.”

That struck a chord with me about people's perceptions.

Some time ago, DW ran into an acquaintance she had not seen in some time. The lady said, "oh the two of you were so lucky". DW replied, " my husband died a few years ago, and we lost the business".
The lady was shocked into silence and just walked away.