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Optimal Finance Daily - Financial Independence and Money Advice

3040: FIRE Is For Wimps by A Purple Life on Financial Independence

Optimal Finance Daily - Financial Independence and Money Advice

Optimal Living Daily LLC

Investing, Business, Education, Self-improvement

4.41.3K Ratings

🗓️ 14 February 2025

⏱️ 13 minutes

🧾️ Download transcript

Summary

Discover all of the podcasts in our network, search for specific episodes, get the Optimal Living Daily workbook, and learn more at: OLDPodcast.com. Episode 3040: A Purple Life argues that pursuing financial independence is the wimpy way out, allowing people to build an impenetrable safety net before taking any leaps. By carefully structuring each transition from remote work to downsizing to local nomadism the journey to early retirement becomes a series of calculated baby steps rather than a daring plunge. Read along with the original article(s) here: https://apurplelife.com/2020/08/25/fire-is-for-wimps/ Quotes to ponder: “We build an adamantium safety net and THEN jump. We are literally the wimpiest people ever.” “Instead of quitting our corporate job to pursue our passions through entrepreneurship or live the exact life we dream of from Day 1, we don’t just do it. We don’t just take that leap.” “I created the best life I could and then figured out how I could inchworm my way towards my post-career life.” Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

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1:05.5

purple life of a purplelife.com. Yeah, it's a bit of a clickbait title, but I couldn't help myself because it's true.

1:14.6

Mainstream media likes to portray people who pursue fire as extreme, but I have a secret to tell you,

1:21.8

one that if you read this blog you already know, fire people are huge whims, myself included. We are so far from extreme that I laugh

1:31.2

when I see those headlines. Instead of quitting our corporate job to pursue our passions through

1:36.8

entrepreneurship or live the exact life we dream of from day one, whether that be van life or digital

1:43.4

nomadism or like, laying face down on a

1:46.6

couch, we just don't do it. We don't just take that leap. Instead, we save as much money as the past

1:54.9

147 years of stock market data tells us should be enough to pay for our expenses forever, even if we

2:02.7

never make another dime. We invest enough that we should be fine, even if we are blind

2:08.5

lemmings that don't change our spending behavior when circumstances change, such as a down

2:13.3

market. Instead of taking any real leap or risk, we save our money like squirrels, preparing for

2:20.0

winter, and then bask in the shade of that money tree while we do whatever the heck we want. And that

2:26.6

whatever we want could be trying our hand at starting a business without having to worry about the

2:32.0

consequences of it failing. It's being able to try

2:35.4

anything and do anything without the stress of its success determining if you and your family

...

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