3126: 5 Reasons Ditching FIRE For FIOR Might Be Your Best Financial Move by Lisa Harrison of Mad Money Monster

Optimal Finance Daily - Financial Independence and Money Advice

Optimal Living Daily LLC

Investing, Business, Education, Self-improvement

4.4 • 1.3K Ratings

🗓️ 30 April 2025

⏱️ 12 minutes

🔗️ Recording | iTunes | RSS

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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 3126: Lisa Harrison introduces FIOR, Financial Independence/Optional Retirement, as a flexible alternative to traditional FIRE, offering a more realistic and enjoyable path toward financial security without the pressure of extreme frugality or early retirement. Her approach emphasizes maintaining a strong savings rate while allowing for life's pleasures, making work more enjoyable, reducing the need for side hustles, and ultimately giving individuals more freedom and options. Read along with the original article(s) here: https://madmoneymonster.com/2019/11/11/5-reasons-ditching-fire-for-fior-might-be-your-best-financial-move/ Quotes to ponder: "By adopting FIOR, you’ll be able to enjoy life along the way by not having to be extreme in all areas." "The more money you stash away for your future, the more secure you’re going to feel and the more fun your day job will likely become because, wait for it, you won’t need it." "FIOR gives you options. When you’re on the path to FIOR and you reach FI, you have the option to quit your job, change jobs, stay on the job, or anything else you can dream up." Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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1:00.3	This is Optimal Finance Daily.
1:03.5	Five reasons ditching fire for Fior might be your best financial move.
1:08.8	By Lisa Harrison of Mad Moneyoneymonster.com.
1:13.2	I first coined the term Fior in a post I wrote back in November 2017.
1:19.4	If you're not familiar with it, it stands for financial independence optional retirement.
1:25.4	I first introduced Fior to the personal finance community when I started
1:29.6	questioning my original fire goal. Specifically, I was questioning whether or not retiring early
1:36.1	was the right goal for me. Ultimately, I decided just having the option to retire was really what I
1:42.7	wanted. That's the point that I ditch the fire
1:45.9	movement for the more realistic version of Fior. Fire versus Fior. Before we jump into the five reasons
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