Why hasn’t the FIRE movement taken off? And what's the point of Best Of Lists? [25:45]
This week, Joey, Aaron, and special guest host Kelly talk about retiring early, time as a resource, healthy skepticism, total stock market funds, Beychella, and hispanic literature. They don't talk about Schrödinger's Yanni. Or is it Schrödinger's Laurel?
referencesThe Financial Independence, Retire Early (FIRE) subreddit. (https://www.reddit.com/r/financialindependence/)We only scratched the surface of understanding the FIRE movement: the 1998 Trinity Study (https://www.onefpa.org/journal/Pages/Portfolio%20Success%20Rates%20Where%20to%20Draw%20the%20Line.aspx) that kindled the craze, the 1994 Bengen article (http://www.retailinvestor.org/pdf/Bengen1.pdf) that inspired Trinity, and an essential primer on the 4% spending rule (https://www.vanguard.com/pdf/s325.pdf)from VTSAX's own parent, Vanguard.Aaron's go-to budgeting tool, YNAB (https://www.youneedabudget.com/).A few best-of lists we like: the best innovations (https://www.popsci.com/best-of-whats-new-2018), the best photos (https://www.theatlantic.com/photo/2018/12/top-25-news-photos-of-2018/577216/), and the best of everything (https://www.vox.com/2018/12/11/18134598/best-of-everything).