Welcome to Animal Spirits, the podcast that takes a completely different look at markets and investing,

hosted by Michael Baddick and Ben Carlson, two guys who study the markets as a passion,

and invest for all the right reasons.

Michael Batnik and Ben Carlson work for Rit Holt's wealth management.

All opinions expressed by Michael and Ben or any podcast guests are solely their own opinions and do not reflect the opinion of

Ritt Holt's wealth management. This podcast is for informational purposes only and

should not be relied upon for investment decisions. Clients of Ritthold's

wealth management may maintain positions in the securities discussed in this podcast.

Welcome to Animal Spirits with Michael and Ben. There was an article over the weekend.

This is a bit of a hot topic these days. How to retire in your 30s with 1 million dollars in the bank from the New York Times.

So there's this thing called the fire movement and I think we probably spoke about in the past but then what are your thoughts on this thing going on?

Right, so fire means financial independence, retire early.

And I think that Mr. Money Mustache guy was the one who really started this whole movement or at least

he's the most high profile one.

But the idea is to save a huge percentage of your income at a young age and retire and live off of not much money.

So I think people save upwards of 70 to 80 percent of their income and they spend very little and the idea is if you can do that you can

if you're saving enough you can just take yourself out of the job and if you have such a

low lifestyle then there's not much to replace there. I think in one respect you have to like you have to appreciate what these people are doing in a lot of ways because

so many people are so bad with their finances the fact that these people are so disciplined you almost have to like give a you know hat tip to that but on the

other hand I think a lot of this just revolves around people that hate their jobs

don't you like a lot of the people who when you read these stories they just hate their job

and they want to just basically do

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