Why The F.I.R.E. Movement Doesn't Work For Your Ideal Life
Sep 13, 2024F.I.R.E. "Financial Independence Retire Early"
This Financial Theory and Movement is based on the premise of working like crazy, saving as much money as you can, sacrificing almost everything until you save enough to retire as early as possible. However...there is a major flaw with this movement.
Coach Mike used to get into the FIRE movement and realized after years of aggressively saving that it wasn't the best way to live his Ideal Life. He learned over time that "I'm going to DO something for the rest of my life" and that typically comes with a financial exchange. If you're into the FIRE movement, don't get caught in these downsides:
- Never "get there"
- Reach it so late that you miss years of enjoyment
- Reach it so late that you pass away a few years later
- Don't keep moving the financial number, the feeling of not enough!
Ask yourself: What are you even saving for?!? Reminder: NEVER make decisions based on fear.