There’s a secret about FIRE. MMM has hinted at it. Living AFI has gone to great lengths to avoid it, but already has plans of falling back in the trap. The early retirement police love to whine about it. So what is it? There’s no such thing as FIRE. There’s FI, and R- hopefully you are FI by the time you R- but RE, true RE, does not exist.
Wait… What? I just threw out a bunch of letters, so for the layperson, what I’m trying to say is “There’s no such thing as early retirement.” There’s no such thing as working hard to earn a pension and transitioning to a life of golf and Florida beaches… all by the age of 30. The retirement lifestyle that your grandad lives in his 70’s does not (and should not) exist for someone in their 20’s.
Yes, there is “Financial Independence” and there is “Retirement” in the classic sense; however, Continue reading “The Secret Truth about Financial Independence Retire Early”