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Title : "They became millionaires and retired at 31. They think you can do the same."
link : "They became millionaires and retired at 31. They think you can do the same."

"They became millionaires and retired at 31. They think you can do the same."

"The authors Kristy Shen and Bryce Leung are part of a movement called Fire that encourages people to save intensively to retire early" (in The Guardian).

"Fire" = financial independence retire early. The idea is to save a lot when you are young and retire incredibly early. I love the idea, which I encountered decades ago in "Your Money or Your Life: 9 Steps to Transforming Your Relationship with Money and Achieving Financial Independence" (which is still available, "revised and updated for 2018"). I think that originally came out in 1992, too late for me to really take advantage of the idea (since I was already 41 and a tenured law professor).

From the article in The Guardian:

Some people, says Shen, see what they’re doing as “invalidating” because it challenges the status quo. “It really makes people question their lives and they don’t like that because it’s scary.”... Since retiring she is so much happier – at one point, her job made her so miserable she was on anxiety and depression medication – so much so that she wants to show others how to do it, too. She sees Fire as a remedy: “It’s almost like you see people get sick, you know what it feels like and it sucks to be sick and you want to give them the medication to help them feel better.”

So would they ever go back to their old jobs? Shen giggles drily. “I don’t think I would be very useful as an employee any more.” She has, she says, become too open-minded to obediently follow instruction. “Once you’ve been out of the matrix, you can’t go back into the matrix,” she says soberly. “You’ve already seen too much.”

Meanwhile, Leung opines: “[Donald] Trump’s rise to power was caused by economic fear, Brexit was caused by economic fear … If everybody was FI [financially independent], Trump wouldn’t have got elected.” I don't love that idea, because it's way too limited. If everyone were financially independent, everything would be different. What would the political parties be like? What would the issues be? Who would be the candidates? Impossible to work that at, but sure, no, Trump. He wouldn't even have run for office, would he? Or he'd be a completely different person and not the Trump who troubles Leung.

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