Why I Hate the FIRE Movement, says Suze Orman

Afford Anything | Make Smart Money Choices

Paula Pant | Cumulus Podcast Network

Entrepreneurship, Investing, Business

4.7 • 3.6K Ratings

🗓️ 1 October 2018

⏱️ 79 minutes

🔗️ Recording | iTunes | RSS

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Summary

#153: A few weeks ago, Suze Orman's team reached out to me and asked if I'd be interested in chatting with Suze on my podcast. "Um, duh," I replied. Sure Orman is one of the most famous voices in the world of personal finance. From 2002 to 2015, she hosted The Suze Orman Show on CNBC. She's the author of 10 mega-bestselling books, she wrote a financial column for O, The Oprah Magazine, and she's made multiple appearances on The Oprah Winfrey Show. I turned to Twitter and Facebook and asked this community, "What would you like me to ask Suze?" One question stood out far ahead of all others in popularity: What does Suze Orman think about the FIRE movement? I opened with that question. And Suze's response shocked me. "I hate it," she replied. "I hate it. I hate it. I hate it. And let me tell you why." That's a direct quote. (Really.) She spent the next 30 minutes explaining why she thinks pursuing FIRE could be the biggest mistake of a person's life. Well, then. Why does Suze Orman hate the FIRE movement? Find out in today's episode, and join the discussion and help spread the FIRE by sharing your thoughts on today's episode in the show notes, on Facebook, and on Instagram. Learn more about your ad choices. Visit podcastchoices.com/adchoices

Transcript

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0:00.0	You can afford anything, but not everything.
0:11.0	Every choice is a trade-off against something else, saying yes to one thing implicitly means
0:15.1	saying no to something else.
0:16.8	And that doesn't just apply to your money, it applies to your time, your energy, your
0:20.4	focus, your attention, anything in your life that's a scarce or limited resource.
0:25.0	And so the questions become twofold.
0:27.0	Number one, what's most important to you?
0:29.1	Do you truly value?
0:30.6	And number two, how do you make daily decisions accordingly?
0:35.3	How do your day-to-day actions reflect what you value the most?
0:41.0	Answering these two questions requires a lifetime of daily practice.
0:44.9	And this podcast is here to help facilitate that.
0:48.1	My name is Paula Pant.
0:49.4	I'm the host of the Afford Anything Podcast, and the founder of AffordAnything.com.
0:53.9	Today we have an incredibly special episode.
0:56.7	Susie Orman is on the show with us today.
0:59.6	Susie is one of the most well-known financial education voices in America.
1:06.6	For many years, she hosted the Susie Orman show on CNBC.
1:11.1	She's written ten best-selling books.
1:14.2	And she's been on Oprah.
1:15.8	Susie and I recently spent an hour talking about money.
1:21.2	And you're about to hear that conversation.
	...

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