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Anonymous
How do you know whether FIRE is for you?
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Hi. Since I'm still serving my NS, I totally understand your joke.
In army, FIRE moment requires a lot of teamwork, planning and skills. Sometimes may also need to 'smoke out' and retreat.
There's no 100% sure win to FIRE. Both in army and in financial independence. Sometimes you may have unforeseen circumstances that cause you to take out a lump sum of your savings for emergencies. And that's where you 'retreat' and strategise your next move.
At the end of the day, I feel that FIRE just gives you a cushion / safety net for you to slow down your pace and enjoy life a bit more instead of a full retirement.
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Cryotosensei
13 May 2020
Blogger at diaperfinancingfund.blogspot.com
Hi there!
I don't approach it from the "must tighten my belt for several years and accumulate enough warchest savings for investment" angle. to me, i look at the premise of this movement - to retire early so that people can have the freedom to do whatever they want, which includes working.
I think a model that could be in contrast to the FIRE movement is the Japanese' ikigai (reason for being) model. The Japanese are known to be hard workers and are not as motivated by monetary rewards than by their sense of professional pride and service-oriented mentality. This model prompts us to think about finding a sweet spot in which what we love, what we are good at, what we can be paid for and what the world needs converge nicely. if we are lucky enough to find this sweet spot, then i think we won't dread our job - along with office politics/unreasonable customers yadda dadda - that much and hence, won't pine for the FIRE movement as much.
just my two cents' worth
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Angeline Teo
01 May 2020
Calculator at The Internet
FIRE doesn't sound that tough if you moderate.
sure, sometime you want to indulge in some good food, i think its necessary.
sometime you want to buy yourself some nice clothes or cool accessories... yes its good, because its a marathon, not a spirit.
You need to slow down at times :)
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Cedric Jamie Soh
24 Apr 2020
Director at Seniorcare.com.sg
Good question!
Thats why my friends and I were saying FIRE is not the most important stuff in your ...
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Is stop working early, and be comparatively 'rich' a good life goal ?
Better find (difficult!) a job that is permanently a passion to You but gives
You also appropriate room/time for Your family, which in the end is more important than any possible job.âââ