"FIRE" has been coopted by influencers and content creators who need to sell their ideas to others to keep making money. I have been absolutely disgusted by the hype that has come from the concept, and my tolerance is very low as a result.
Financial Independence means recognizing our INTERdependence, it doesn't mean being able to save enough money to go live on a beach or in an ivory tower while making videos trying to attract people to THIS investment or THAT new thing to buy to "would you like to learn more". (in the voice of Starship Troopers)
Retire Early means being able to make more of our own choices. It doesn't mean telling the rest of the world to jump off a cliff. Retirement means being able to do what we want without worrying as much about the financial side of our lives.
Our financial world consists of Income, Expenses, Assets and Debts. The goal of savings, investing, "FIRE", or whatever is to build our collection of assets that generate an income large enough so that the capital we need can come from our assets instead of working for someone else doing what we might not want to do. That kind of collection of assets takes a lot of time to build, there are no shortcuts. Bitcoin is not a get rich quick scheme, it is a way to accumulate capital in a way that cannot be debased by incompetent governments or corrupt businesses.
If advocates of FIRE are not promoting and using Bitcoin, then they are just encouraging people to step over and onto each other while trying to reach the bottom rung of a ladder. It's not helpful at all.
sorry to go onto a rant under your note, but FIRE as a movement really bothers me. It's like the people making the money from it are the only ones that matter.
chadlupkes / Chad Lupkes
npub1mu…wcnel
2024-04-21 16:03:50
in reply to nevent1q…dc3r
Author Public Key
npub1murdy8k20svu38g9f9jt9k0rqkjzt677x3qrev88je4gw2erqk8scwcnelPublished at
2024-04-21 16:03:50Event JSON
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"content": "\"FIRE\" has been coopted by influencers and content creators who need to sell their ideas to others to keep making money. I have been absolutely disgusted by the hype that has come from the concept, and my tolerance is very low as a result.\n\nFinancial Independence means recognizing our INTERdependence, it doesn't mean being able to save enough money to go live on a beach or in an ivory tower while making videos trying to attract people to THIS investment or THAT new thing to buy to \"would you like to learn more\". (in the voice of Starship Troopers)\n\nRetire Early means being able to make more of our own choices. It doesn't mean telling the rest of the world to jump off a cliff. Retirement means being able to do what we want without worrying as much about the financial side of our lives.\n\nOur financial world consists of Income, Expenses, Assets and Debts. The goal of savings, investing, \"FIRE\", or whatever is to build our collection of assets that generate an income large enough so that the capital we need can come from our assets instead of working for someone else doing what we might not want to do. That kind of collection of assets takes a lot of time to build, there are no shortcuts. Bitcoin is not a get rich quick scheme, it is a way to accumulate capital in a way that cannot be debased by incompetent governments or corrupt businesses.\n\nIf advocates of FIRE are not promoting and using Bitcoin, then they are just encouraging people to step over and onto each other while trying to reach the bottom rung of a ladder. It's not helpful at all.\n\nsorry to go onto a rant under your note, but FIRE as a movement really bothers me. It's like the people making the money from it are the only ones that matter.",
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