The Pros and Cons of the FIRE Movement #221
How to Money
iHeartPodcasts
4.6 • 3.2K Ratings
🗓️ 1 July 2020
⏱️ 39 minutes
🧾️ Download transcript
Summary
Financial Independence Retire Early- you’ve likely heard the term on the show and this movement has gained a lot of steam over the past decade. And even though we agree with most of the tenets of FIRE, there can be side effects or negative consequences that can occur when it’s taken too far. Just like with almost anything in life, when there isn’t a proper balance, something that’s normally good can easily become something bad. That’s what we’re going to talk about today- the pros and the aspects and behaviors that it encourages that we love. But we’re also going to cover the cons of FIRE and how certain actions could actually keep us from attaining the goals we’re truly seeking.
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Transcript
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| 0:00.0 | Hi, I'm Francis Frye. |
| 0:01.2 | And I'm Ann Morris. |
| 0:02.4 | And we are the hosts of a new TED podcast called Fixable. |
| 0:05.6 | We've helped leaders at some of the world's most competitive companies |
| 0:09.2 | solve all kinds of problems. |
| 0:11.1 | On our show, we'll pull back the curtain and give you the type of honest, |
| 0:14.6 | unfiltered advice we usually reserve for top executives. |
| 0:18.2 | Give us a call and we'll help you solve the problems you're stuck on. |
| 0:21.2 | Listen to Fixable on the iHeartRadio app on Apple Podcast, |
| 0:24.8 | or wherever you get your podcast. |
| 0:30.9 | Check out the Your Financial Maven podcast, |
| 0:33.4 | where we need to change the way we think about money, |
| 0:35.9 | our understanding of it, and the effects. |
| 0:38.4 | I'm Samantha Mitman-Besnov, CPA, and I have spent over 25 years in the accounting field. |
| 0:43.6 | The Your Financial Maven podcast will touch on things like saving and budgeting, |
| 0:47.5 | and really anything around money to help you feel financially empowered. |
| 0:51.7 | Listen to the Your Financial Maven podcast on the iHeartRadio app, |
| 0:55.6 | Apple Podcast, or wherever you get your podcasts. |
| 1:00.5 | Hey, it's Alec Baldwin. |
| 1:02.1 | This past season on my podcast, here's the thing. |
| 1:06.0 | I spoke with more actors, musicians, |
| 1:09.1 | policymakers, and so many other fascinating people, |
... |
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