Is the FIRE Movement Over?
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- Опубликовано: 5 апр 2020
- Is the fire movement finished?
During intense pressure, it is easy to feel like we will be broken, but it is the fires of adversity that refines us. The same is true for the FI movement. We will see some incredible innovation and forward thinking born from these times within our movement. In this episode Brad, Jonathan, and MK do a thought experiment on the talent stack that would create a successful individual.
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Not over at all!
This is proof that FI is necessary.
I was juuuust working on my outline for a video about this same topic. The FIRE movement is alive and well!!!👏🏻💪🏻🔥🔥🔥
No it's not over and I feel like I personally needed it more than ever. Thank you guys for keep everyone aware of many possibilities.
Fire isn't over, I'm on the road to doing it right now!
@ChooseFI, your best daily episode since “the COVID” descended. On your stride again.
Well the fire movement is over, because there is no yeast and flour left in the store, so I have to start buying bread again 😂 jokes aside, we started a year ago on the intentional FI part and I was never more at ease financially. The market downturn is something everyone already warned us about Thankfully my husbands hours weren't cut off but even if they were we could live on 60% of his salary (which equals unemployement benefits for the first 6 months here in Germany). We did not book any cruises or holidays, don't miss Restaurants or cinem, we only miss meeting with friends and family and hope the World will recover soon health wise.
It will. Do you FI channels of women? Can you recommend?
@@mirnafernandes7482 the only one I know of and follow is Quest to Fire. She is pretty cool and independent
Naval’s tweet storm is epic and his condensed podcast is one of my favorites.
It's pretty hilarious that people try to diminish the value of the FIRE movement. How can you get mad at wanting to be financially free?! I like how you guys said it takes minimal effort to start a business at times and this could be a perfect opportunity to hone in on those skills. I sure am at trying to jump start my RUclips channel!
Amén brother!
I am extremely fortunate that FIRE is my goal. Over the last couple of years I have gotten my expenses SO low that when this COVID-19 pandemic came around it wasn't that devastating for me. Sure my portfolio is way down, but it will bounce back! I am buying index funds cheaper now.
@@TonyCook7 That's the spirit Tony!
If it wasn’t for my preparation I would be doomed! I am so glad for my learning about fire when o did!
Answer: No
There, saved you 29:30 to go spend earning more to put more into your retirement accounts. : )
all i can see is opportunity...opportunity and opportunity to grow in skills, build character and resiliency (which is dependent on the how one will respond to trials), mind set and pespective, this is not just all about money ...this is a wholistic way to grow in every aspect. This will also give us sometime to look back and to correct some minor mistakes to polish future plans..
We are still on the right tract...being a good steward of all the blessings that God has given us...for it is written: God has given us the abilities to produce wealth...and wealth is not only based on finances but wealth is dependent on what we value in life...
Now is the time to turn people on to the FI movement. They can look at those living this lifestyle and see they aren't worried.
Great content as always guys!
not over, but is surely being tested!!! can people handle their portfolio being down 30-40% psychologically..
Along those lines - it seemed almost like a badge of honor to day "I'm 100% stocks" and the bond mixture people were looked down on... Wonder if that will change
it's definitely time horizon- I wouldn't go into drawdown 100% stocks - and Im happily 100% stocks now
FIRE will emerge even stronger! #keepthefaith
Really glad I read the book "The Millionaire Next Door" about a decade ago...
+1 @Brad | ChooseFI for board/war gaming Skillz Fo Life.
I wanna know where ya'll live where you can get a job in just 60days!! Up here in Canada it's 6mo to a year minimum unless you wanna do minimum wage coffee shop job!
My unfounded assessment: M$M coverage of “is this the end?” Re: early FI must be viewed in the context of who advertises on that M$M outlet? The answer may be those financial services/custodian firms who would benefit if more people worked longer and plunged more of their pre-tax earnings into captive traditional accounts. AUM. It’s not a totally orthogonal equation, but early FI playas are much more in tune with fee sensitive investment vehicles than are career-depraved employee slaves who trust (or don’t care to invest the time to learn) that traditional plan custodians have fiduciary duty. (Such custodians don’t, of course, but would never willingly disclose that.)
😀
you gotta interview Nate O'Brien : ruclips.net/user/NateOBrienvideos
Absolutely not!
start of new bull run ! so no ! make america great again !