Fractured FIRE: Early Retirement, Not So Hot Right Now! #536
How to Money
iHeartPodcasts
4.6 • 3.2K Ratings
🗓️ 6 July 2022
⏱️ 56 minutes
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Summary
Some things sound really good... until they aren’t. Like when your kids say they’re going to spend all of their money at the candy store and how they’re going to eat ice cream every night of the week. Sure that sounds tempting now, but the reality isn’t quite as rosy. As you grow older you realize that there are constraints that prevent you from a diet like that- namely the health issues that would arise! We think that something similar is happening to the Financial Independence Retire Early movement. An idea that sounds really compelling when the market is kicking butt doesn’t feel the same once a bear market has ravaged those early retirement portfolios. Not to mention that with inflation on the rise, your dollars aren’t getting you quite as far as they used to! So we offer a few alternatives to those who are striving after early retirement, how we would recommend that you think about your work and career, and then we highlight why we think the FIRE movement still has its merits.
During this episode we enjoyed a Just a Kiss by The Bruery! And please help us to spread the word by letting friends and family know about How to Money! Hit the share button, subscribe if you’re not already a regular listener, and give us a quick review in Apple Podcasts or wherever you get your podcasts. Help us to change the conversation around personal finance and get more people doing smart things with their money!
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Transcript
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| 0:00.0 | My name is Joshua Topolsky and I have a new podcast called What Future. |
| 0:04.5 | But I want to tell you that I'm being forced by my producer to record a promo telling you about my show. |
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| 0:39.9 | If you could completely remove one phrase from your vocabulary, which phrase would you choose? |
| 0:45.9 | Um, I don't know. |
| 0:47.6 | Correct answer. |
| 0:49.0 | No, I mean, I don't know which phrase. |
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| 1:09.8 | I don't know. |
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... |
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