What is your ideal age to achieve FIRE? 35, 40, 45 or 50? And what will you do after achieving it? With the mental health downsides to FIRE, why do u still want to pursue it?

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-...

Discussion (8)

What are your thoughts?

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DunSayBojioHor

13 Nov 2022

30 is miracle. 40 is dream. 50 is achievable.

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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

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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.

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Deedee

01 Nov 2020

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

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