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The FIRE Movement Is One of the Saddest Things on the Internet
Here’s why.
FIRE stands for Financial Independence Retire Early.
FIRE proponents strive to get high-earning jobs, invest 70% of their income into the stock market and reach a big enough sum to live off their dividends without having to work.
According to Wikipedia, two books written in the 90s and one blog called Mr. Money Moustache spread the gospel of FIRE to the Internet.
In this article, we’ll look at why the FIRE concept is flawed and hopeless.
1. It Stems Out Of Laziness
The FIRE movement wasn’t established out of a need to reclaim your freedom.
It was established out of a need to do nothing. To just lazy around.
And to watch other people work.
It’s not only lazy, but it’s also incompatible at scale. Think about it.
If everyone saved one million and retired early, who would get the world running?
This is why I don’t like FIRE. Whatever principle I adopt, I always make sure it respects the Kantian principle that the world would still work out if everyone applied it.
