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.
npub1j8…6hhvz
2023-08-23 23:28:11
in reply to nevent1q…8s5c
Author Public Key
npub1j8ju2t3ss9uqs858c2kl09pcryg8acrvd8x6xduqp36lgsweqc6qs6hhvzPublished at
2023-08-23 23:28:11Event JSON
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"created_at": 1692833291,
"kind": 1,
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"content": "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.\n\nThe 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.\n\nBTC 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.\n\nOnce 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.",
"sig": "16bf0b555bf57c07b8556cd1ca051bf105291253efd57fd5c68983cff0c4a745d18fb7cc35237abe27871d485e30fac175f3b8ea14967f43c803ffbae8b913db"
}