What is Nostr?
npub1j8j…hhvz
2023-08-23 23:28:11
in reply to nevent1q…8s5c

npub1j8…6hhvz on Nostr: I’ve got the fire inside, and am chasing that dream. The FI comes quickly, but ...

I’ve got the fire inside, and am chasing that dream. The FI comes quickly, but it’s a long boring process to save and invest your way to the RE part.

The foundation of the movement is rooted in the 4% rule - so historically people should be alright when they run their Monte Carlo simulation. The movement’s rebuttal is that you can just cut spending in a down year.

BTC solves one leg of transporting money across time, but I think the FIRE crowd leans heavily towards being all in on an index fund. If you want to diversify your intergenerational wealth - perhaps generating income streams like a business can help you pass it off to the next generation (and avoid the taxation) is a wise choice if you’re not all in on BTC.

Once I dug deeper, the FIRE movement has reinforced my belief that you can’t just retire to sitting on your ass. Humans need community and a purpose.
Author Public Key
npub1j8ju2t3ss9uqs858c2kl09pcryg8acrvd8x6xduqp36lgsweqc6qs6hhvz