3142: Don't Get Burned by FIRE by Jaime of Keep Thrifty on How to Find Balance with Living and Saving Money

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4.4 • 1.3K Ratings

🗓️ 14 May 2025

⏱️ 11 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 3142: Jaime of KeepThrifty challenges the conventional pursuit of early retirement by unpacking the emotional and physical burnout that can come with chasing FIRE (Financial Independence, Retire Early). Rather than idolizing the hustle or rigid savings goals, Jaime encourages a return to values-driven living, where balance, intention, and fulfillment matter more than arbitrary financial milestones. Read along with the original article(s) here: https://www.keepthrifty.com/dont-get-burned-by-FIRE/ Quotes to ponder: "It was never about the money, it was about living by his values." "The more we worked, the more we made, the sooner we could retire. But as time went on, we found ourselves burning out again." "What if we didn’t focus on early retirement, but on living a fulfilling life now and in the future?" Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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1:06.8	slash UK slash AI for people. This is Optimal Finance Daily. Don't get burned by fire by Jamie of keepthrifty.com.
1:18.5	Back in the day, people were encouraged to put money aside for retirement. Retirement was deemed
1:24.6	the time when you no longer worked. Generally, this was at age 65. Why? I'm guessing that for many
1:31.9	people, their aging bodies wouldn't be able to continue at the nine to five pace much longer.
1:37.8	They needed to slow down and take care of themselves. And soon, they would hit the point where they
1:42.8	wouldn't be able to physically work.
1:45.4	The money they set aside needed to be able to cover their living expenses when they could
1:49.8	no longer earn a paycheck. We accepted this way of life. People found jobs that they could stay at
1:56.1	for 45 plus years and figured out how to enjoy life. Things may not have been perfect, but it was simple,
2:03.5	predictable, and safe. When it was time to retire, we were thankful that we had been able to set
2:09.1	aside part of our paycheck. Then something changed. People started wanting more out of life.
2:16.0	They didn't want to work the 9 to 5 until age 65.
2:19.6	Why wait to travel until you're too old to enjoy those experiences?
2:24.5	We started craving more time, or at least more time during our younger years, to do the things we enjoy.
2:31.3	I wonder, is this because our expectations for life changed or corporates' expectations
	...

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