4.6 • 2.8K Ratings
🗓️ 26 January 2024
⏱️ 41 minutes
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The FIRE Movement has been a huge catalyst for people taking control of their money. It has motivated people to educate themselves about personal finance and helped them start viewing their money as a tool to create the life they want.
We agree a lot with this ideology. However, the FIRE movement is not without its flaws. We want to walk you through the FIRE movement, its highlights and setbacks, & how it has evolved overtime (for the better).
Then, in true Money Guy fashion, we’ll run you through the numbers by age on how to achieve that same freedom & flexibility, but with our own spin on things.
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0:00.0 | The fire movement's dead? |
0:02.0 | What you need to know. I am so excited about this because I love when we can talk about this. |
0:15.0 | Not specifically the fire movement per se, but I love when we can talk about financial |
0:19.7 | independence. |
0:20.7 | And I think that there are a lot of thoughts and theories out there about what |
0:25.4 | fire is and what fire looks like and then I think there's the reality of how it has |
0:29.8 | morphed in our opinion has changed a little bit over the years. |
0:33.4 | Well look I think we get a bad reputation and we just leaned into it why not let's go |
0:37.5 | ahead and give them some fuel but I do want to give some some kudos in the fact that |
0:41.6 | I like when fire came on the scene and in a minute |
0:44.9 | you're gonna find out that a lot of this stuff was timeless fire just kind of |
0:47.7 | popularized so and branded in a way that people attached to but I do love that this was a catalyst for a lot of |
0:55.8 | discussions where people because I think the default for most Americans is they |
1:00.1 | ignore their financial life and then they're so shocked when they get close to retirement and they realize |
1:06.0 | Holy cow. So it's the exact I love the magnifying glass that the fire movement is done to really get people moving and |
1:15.4 | thinking about their financial lives. |
1:16.8 | And so what we want to do is we're going to talk through the fire movement. |
1:19.8 | We're going to talk about the highlights of it, some of the setbacks, and specifically how it's evolved in our |
1:24.7 | opinion over the past couple of years. |
1:26.4 | And in our opinion, we think that it's evolved for the better and we are in true money guy fashion |
1:33.8 | we're gonna round out the show by giving you the actual numbers if this is something |
1:37.3 | that you are aspiring to and you're aspiring to do it by a certain age |
... |
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