What FIRE Can Teach You No Matter When You Retire
Money Guy Show
Brian Preston, CPA, CFP®, PFS and Bo Hanson, CFA, CFP® | Fee-Only Fiduciary Advisors
4.7 • 3.1K Ratings
🗓️ 14 February 2025
⏱️ 41 minutes
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Summary
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| 0:00.0 | What the fire movement can teach you about money, no matter when you want to retire. |
| 0:08.0 | Brian, I am so excited to talk about this because fire movement gets a lot of press. |
| 0:14.0 | Some of it's positive, some of it's negative. |
| 0:16.0 | And rather than speaking to the merits of fire or whether you should do it or how you should do it, |
| 0:21.1 | I think that there are lessons that everyone can learn from some very important things |
| 0:26.4 | that fire movement participants and proponents have figured out thus far in their journey. |
| 0:30.8 | I like to think, you know, we live here in Nashville, which is the Music City. |
| 0:34.9 | And one of the cool things when you hang out with professional musicians is that they can play any song and any key and just change a few variables and it changes the numbers. |
| 0:44.0 | But it still works out. |
| 0:45.5 | I like to think that we're going to be that tour guide today. |
| 0:47.6 | We are the Nashville musicians of the financial world. |
| 0:50.8 | We're going to tickle the keys of the financial independence retire early movement. |
| 0:55.0 | That's exactly right. |
| 0:56.0 | For those of you that are not familiar with what the fire movement is, that's exactly what it is. |
| 1:00.0 | It's financial independence retire early. |
| 1:02.0 | It's this idea that there are things that I can do. |
| 1:06.0 | There are ways I can influence my financial situation that I can reach the end goal that most people want |
| 1:11.6 | to reach, but I can do it more quickly than others. And what we want to do is we want to take |
| 1:16.3 | some of those lessons and tactics that fire movement proponents have used and figure out how |
| 1:21.6 | can we apply that to our financial lives so that we also can do money better. I'll lean into the things I really love about this because that financial independence |
| 1:30.8 | is a very valuable thing because the first thing, I love the thought of you owning your time |
| 1:37.3 | that much sooner. |
... |
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