The Biggest Thing the F.I.R.E Movement Gets Wrong (Financially Independent, Retire Early)

Money Guy Show

Brian Preston, CPA, CFP®, PFS and Bo Hanson, CFA, CFP® | Fee-Only Fiduciary Advisors

Education, Retirement, Moneyadvice, Investing, Savingmoney, Personalfinance, Business

4.6 • 2.8K Ratings

🗓️ 8 November 2019

⏱️ 52 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Consider this your graduate degree in how to make FIRE a reality!

Folks in the F.I.R.E (Financially Independent, Retire Early) Movement are set on retiring in their 30s or 40s. So much of this movement is about motivation, but we want to make sure you understand the nuts and bolts of your plan so the wheels don't fall off! (Don't worry - we'll motivate you, too!)

For more information, visit: https://www.moneyguy.com/2019/11/fire-movement-gets-wrong/

Transcript

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0:00.0	The biggest thing, the fire movement gets wrong.
0:04.1	It's Brian Preston, the money guy, restoring order to your financial chaos, retirement,
0:12.0	investing, taxes.
0:13.8	You've got financial questions, he's got financial answers.
0:17.4	It's Brian Preston, the money guy.
0:20.0	Yeah, Brian, I am really, really excited about this because this is a, you know, we've
0:24.5	talked about this a little bit.
0:25.8	We were worried that this could be a boring show topic.
0:29.5	We were just sort of kind of going through our ideas for what it could be.
0:32.9	And then when we dove into it, we said, no, this isn't boring.
0:35.4	This is actually exciting.
0:36.4	And this is stuff that the money guy family needs to know.
0:40.5	I think the fire movement in general, in my way, if you're brand new and you're like
0:44.3	fire movement, I've been a money guy fan, but I saw this thing.
0:47.2	I didn't know what this whole fire title meant.
0:49.8	It's financially independent and retire early.
0:52.0	These are people that are leaving the workforce before early retirement, you know, which is
0:57.0	mid-sixth traditional retirement.
0:59.3	So because most people count on a 30 year retirement, but this is a new phenomenon, a new
1:03.8	movement where people are talking about leaving the workforce in their 40s, their 50s.
1:09.6	And it's some, some even in their 30s.
1:11.3	And we'll talk about that.
	...

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