Are you happy? What do you do now to earn money? Is it stress free? Do you like it? TC:170k
I can retire, but choose to continue working for now.
I plan to FIRE as a part time pornstar if that counts
Thank everyone I was
I hear you bro
If you FIREd and still read Blind, it's that you regret it
Had 2 friends do it. One hates it, didn’t have passive income. Inflation really screwed him. He’s trying to find a job now to support his family. Another friend was buying apartments, was about to FIRE (had property management company do the things so he didn’t have to). He’s is enjoying time with his kids and just lives cheap (always did)
File this one under "selection bias"
I have two friends who did it. One is happy while the other is marginal. You really need two things: 1) Legit financial security. Most people who FIRE are marginal and need their passive investments to pan out. This leads to stress as investments go down or inflation increases. You're basically on a fixed income that needs to last for life but at the mercy of market returns, unpredictable tax laws, inflation, unexpected large expenses, etc. I lot of people who FIRE'd got killed in 2020 when the market collapsed. They had to go looking for a job but had trouble due to the long gap. 2) You really need something to focus on instead of lounging around. Having no idea how to spend your time in a fulfilling way can lead to an empty life. Traveling the world non-stop sounds glamorous but nobody can do that for the next 40+ years. It gets boring. The friend who is happy bought a resort with his wife and they turned it into a spiritual and health retreat. It's been both their dream so it worked out for them. In a way they are not FIRE but doing what they want to do instead of what they have to do for TC.
No popcorn 🍿 not amused