Does the FIRE movement work with kids?

The idea of FIRE has possibly it's cause in the recent (21st century) increasing trend to egotism, as well as social unrest and dissatisfaction with modern work situations.

Wouldn't it be nice to have a profession one loves to do up to her/his 70ies, 80ies, 90ies?

The proponents of FIRE possibly never experienced a satisfiying work situation.

Earning income cash flow only by financial products could in itself lead to longterm dissatisfaction, although I can imagine for myself favorably somehow reduced working hours and more time for my non-professional live. Maybe only this balance needs correction.

A hedonistic early pensionary life is possibly not associated with deep spiritual fulfilment.

To lead a fulfilled live we have to serve, but must not be exploited.

Just my thoughts.

I feel that countries like Sweden know better about a good balance, and care for employees is better over there, maybe. Would be nice to know how many persons in Sweden strive for FIRE. Maybe they strive more for a 'fire' (social place in the outdoors) ?​​​

Yes!

teach them about the movement when young. the benefits of FIRE can be felt when one starts saving when young. This is because the interest from savings and investments compound over time. When one starts at 15, the effect can be felt more pornouncly than when one starts at 30

Hi Kelly,

As I don't have kids, I'm going to look at it from another perspective and still say yes. My parents raised me and my sibling on a shoe string budget (mom is a housewife) and I have no doubt if she decided to work and invest and raise me (she's more than capable of that), she'd FIRE at around 50 years old. So as Hariz has said, it's all about the numbers. That was in a period of rapid growth in Singapore, so today you're probably looking at FIRE at a later stage if you have a kid, but still not impossible.

You just need to be prudent and pragmatic, diversify and create multiple income sources outside of work, teach children the importance of delayed gratification, and live well within your means.

If you think it won't work, then it won't. It is all about your mindset.

For me, I'm positive that I can still achieve FIRE even with kids. And I hope to have two, at least. Already have one right now and he's a bundle of joy :)

It all boils down to mindset, income and expenses.

Set your mindset right and believe that it is possible.

Grow your income, and create multiple sources of income.

Reduce your expenses and find cost-effective methods as much as you can.