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Optimal Finance Daily - Financial Independence and Money Advice

1910: Don't Get Burned by FIRE by Jaime of Keep Thrifty on Putting Financial Independence Into Perspective

Optimal Finance Daily - Financial Independence and Money Advice

Optimal Living Daily LLC

Investing, Business, Education, Self-improvement

4.41.3K Ratings

🗓️ 1 June 2022

⏱️ 10 minutes

🧾️ Download transcript

Summary

Jaime of Keep Thrifty warns you to not get burned by FIRE Episode 1910: Don't Get Burned by FIRE by Jaime of Keep Thrifty on Putting Financial Independence Into Perspective Chris and Jaime live in the suburbs of Madison, WI with their three daughters. While living the typical suburban life, they are challenging the norms by living outside the box and creating the freedom they desire. At Keep Thrifty, they share their journey and bring you inspiration and tools to help you create your freedom. They’ve got articles and success stories to help inspire you to think differently about your dreams and your finances. They’ve also created a money tracking app to help you take control of your finances and make those dreams a reality. The original post is located here: https://www.keepthrifty.com/dont-get-burned-by-FIRE/ Visit Me Online at OLDPodcast.com · Note: The podcast ad for the IMPACT app is unscripted and being recorded live. It may contain some slight differences. Please visit https://impact.interactivebrokers.com/ for full details of products and services. Interactive Brokers, LLC member FINRA/SIPC. · The projections or other information generated by IMPACT app regarding the likelihood of various investment outcomes are hypothetical in nature, do not reflect actual investment results and are not guarantees of future results. Please note that results may vary with use of the tool over time. · The paid ad host experiences and testimonials within the Podcast may not be representative of the experiences of other customers and are not to be considered guarantees of future performance or success. The opinions provided within the ad belong to the host alone. Interested in advertising on the show? https://www.advertisecast.com/OptimalFinanceDaily Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

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1:00.1

This is Optimal Finance Daily Episode 1910. Don't get burned by fire. By Jamie of Keepthrifty.com.

1:09.4

And I'm your host and personal finance enthusiast, Diana Mariam. Now let's get right to it and

1:15.4

continue optimizing your life. Don't get burned by fire. By Jamie of Keepthrifty.com.

1:28.1

Back in the day, people were encouraged to put money aside for retirement. Retirement

1:33.2

was deemed the time when you no longer worked. Generally, this was at age 65. Why? I'm

1:40.2

guessing that for many people, their aging bodies wouldn't be able to continue at the

1:44.4

9-5 pace much longer. They needed to slow down and take care of themselves. And soon they

1:50.8

would hit the point where they wouldn't be able to physically work. The money they set

1:55.4

aside needed to be able to cover their living expenses when they could no longer earn a paycheck.

2:01.6

We accepted this way of life. People found jobs that they could stay at for 45 plus years

...

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