Sorry, but couldn't the FIRE movement be seen as egotistical instead of a liberating goal? - Seedly
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FIRE Movement

Frankie Rappaport

Asked on 30 Mar 2020

Sorry, but couldn't the FIRE movement be seen as egotistical instead of a liberating goal?

It seems more the like final expression of deeply alienating capitalism, rather than something that we should be striving towards?

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Shaun WQ Lim
Level 7. Grand Master
Answered on 31 Mar 2020

The assumption is once you attained FIRE, you will go up the Maslow's hierarchy of needs.

That said, human nature is a factor.

If you are an ass, you still be an ass after FIRE.

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Jason Cheong
Jason Cheong, Alumnus at NTU
Level 4. Prodigy
Answered on 30 Jun 2020

With regards to this,

A valedictorian from the The University of Queensland shared a TED talk.

Her story is one of many in the Financially Independent Retiring Early (FIRE) movement supporting the idea that end-of-life retirement is optional.

Lacey considers herself time rich: able to choose if, when, where, how, on what and with whom she works. This was achievable because of Lacey’s financial position: she started investing at 19 and now earns a passive income.

Before FIRE, she used to work in Australia’s ‘wild west’ with a high flying career in mining. A health scare and her sister’s suicide opened Lacey’s eyes to the world beyond work, leading her to redesign her life and take five mini-retirements in the next five years.

https://www.youtube.com/watch?v=XSHNDyinZSQ&feature=emb_rel_end

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Frankie Rappaport
Frankie Rappaport
Top Contributor

Top Contributor (Jul)

Level 9. God of Wisdom
Answered on 13 May 2020

Surely egoistical, when You do not become somkind of a Ghandi afterwards. Or not ... it's a very individual thing, all depends on what You are doing afterwards, and how happy You and Your loves ones are with that.

You're right: alienation of capitalism and maybe no opportunity (or no motivation) to find

that one profession of passion.

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Heng Kai Le
Heng Kai Le, Mondomover at School Of Life
Level 6. Master
Answered on 13 May 2020

Intriguing phrase - deeply alienating capitalism.

could you elaborate what you mean by that as I think people will derive different interpretations from this phrase? are you suggesting that it's an egotistical goal because in striving to achieve FIRE, we make the people around us feel FOMO envy since we achieve financial freedom/high level of saving faster than them?

in any case, i think a lot of those successful FIRE practitioners aren't exactly retiring and lepak-ing at home. Some of them could be even seen monetisting their Get-to-FIRE courses. So they are working but on their own terms.

I suffer from Monday blues as much as the next person, but on the whole, I'm happy working where I am, so I doubt that one really needs to attain FIRE status before he enjoys the work that he does. if work is really so punishing, well, there's also the side hustle and/or weekend gig to work towards and recalibrate our sense of self. haha

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J
Jun
Level 2. Rookie
Answered on 31 Mar 2020

By alenating capitalism are you perhaps referring to reaching FIRE and sitting at home all day watching netflix or permernantly travelling not doing any sort or form of work?

The FIRE community does define the retirement part very differently as compared to traditional retirement ideas. You could set up a company with no worries on maximising profit and the undue stress because you have to support your family and cannot afford such risks normally. why shouldnt people by striving for FIRE. even if they do not end up reaching that level, their financial health would be in so much better shapethan previously. I believe theres no fixed way to go about RE after reaching FI.

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