Advertisement
Anonymous
There are many resources which talk about the pitfalls of FIRE. For eg, get difficult to relate to other working people, lost of purpose and social network from work, lost of intellectual simulation, etc.
Refer to more in this article: https://www.financialsamurai.com/the-dark-side-...
8
Discussion (8)
Learn how to style your text
Reply
Save
Sabrina Wong
15 Dec 2021
Communications at University at Buffalo
Although I have mixed feelings towards the financial goals set using the F.I.R.E method, I do feel that there is a lot we can learn from the movement:
1. Start Dreaming and Planning for Retirement
2. Find Ways to Keep Your Expenses Low
3. Look for Ways to Boost Your Income
4. Make Saving and Investing a Priority
Source: https://www.ramseysolutions.com/retirement/what...
I am a millenial and If I were to work towards F.I.R.E, I think my ideal age would be 50. I have been using a financial app, Hugo Save, for some time now and I am proud to say that I have become more mindful of where & how much I spend, started saving more with specific financial goals in sight and also started micro-investing in gold almost on a daily basis. Here's a link if you want to learn more about how the app can help millenials like us: https://bit.ly/FintechMillennial
Reply
Save
Chong Qi Hui
Edited 19 Oct 2021
Real Estate & Investment | Facebook Page at https://bit.ly/FBpageQH
Rather than pursuing FIRE or financial freedom, I would tend to work towards the freedom of choice in the future.
I'm 30 years old and I hope that I future I work because I choose to, not because I want to so that I can pursue the work I truly enjoy.
Still on my road of self-discovery, I think it is good to continue working even you reached retirement age, perhaps at a slower pace or on an advisory role.
Reply
Save
I do not want to stress myself too much as I do still want to enjoy life now. My bf is not even on the same page as me so it's been a little tough on my mind but I'll take it slow as we have big purchases soon (wedding, house) so I sort of understand why he wants to delay investing. So I hope to FIRE by 50 or 55 even (that's about 20-25 years later). After that age, I'll probably still find part time work to do so my brain remains active and take as many leave as I so desire haha so I may travel the world or even just frequent jb travel with my big family :) can't afford to pay for many people Hahahah
Reply
Save
My wife and I aims to retire by I'm 40, which is 10 years later. By then, hopefully we would have re...
Read 4 other comments with a Seedly account
You will also enjoy exclusive benefits and get access to members only features.
Sign up or login with an email here
Write your thoughts
Related Articles
Related Posts
Related Posts
Advertisement
30 is miracle. 40 is dream. 50 is achievable.