Today on the Finance Flash Go! podcast, I’ll share my thoughts about FIRE and what it means!
What is FIRE?
I’m gonna keep this real brief.
If you go online to any forum, you will find intense arguments about what FIRE means, what it is and what it isn’t. Is the blogger technically on FIRE if she still blogs to make money?
The thing is that it doesn’t matter at all what anyone else thinks. FIRE is personal. It’s a one woman or man game. You compete against no one but yourself. (And trust me, you are fierce competition enough!)
This is what FIRE is (to me, of course). But I think this is a generalizable definition.
FIRE is living your life on your terms
It has nothing to do with finance per se.
However, finance is likely the biggest restraint to living life on our terms for the average human. This goes for those in both lower and higher socioeconomic levels. Sometimes it’s even easy to wonder if it can be a bigger restraint in the higher SES strata.
(P.S. It’s not. But the fact that some high income earners place themselves in self imposed golden handcuffs is a very avoidable fate…)
To Be Rich & To Feel Rich: Two Very, Very Different Things!
So, that’s what FIRE means to me. I want to reach financial independence to live life on my terms. Honestly, things may not change very much externally when I reach FIRE. But internally, the change will be immense.
Please enjoy the Finance Flash Go podcast! We plan to release a new episode every weekday answering important finance questions. If you ever want to submit a question to our podcast, send an e-mail to [email protected], and please be sure to check out Jordan Frey’s blog prudentplasticsurgeon.com where he gives great financial advice.
A brief disclaimer, while we are providing knowledge and awareness around financial topics in this show, we are not held responsible for any financial decisions you choose to make in response to the podcast. We hope to provide accurate information in regards to money and different methods of wealth creation, but it is always the learner’s responsibility to due their due diligence before making important financial decisions.
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