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I listened to an episode of Afford Anything Podcast with Paula Pant. I am a huge fan because she explains complicated financial and economical ideas in simple terms so that someone like me, who has less knowledge on finance and economy can understand the complicated system. I listened to an episode with Suze Orman. Where she said she hates the FIRE movement. Suze Orman was a financial advisor, she had her own show on NBC and CNBC she was there for 20 years giving financial advice to the people. While listening to this episode with Paula, I realized Suze Orman is the reason behind everything that is wrong with the US economy. Not only the US economy, but while we were growing up in the 80s and 90s in Nepal, or South Asia anything wrong that we learned about money is because of Suze Orman. This is rather a strong statement, but then Suzi is not not only a person, it's a mentality that we grew up with. You need to work until you die to be able to support your family. The idea of retirement was only after you got to your sixties and seventies.
Paula was arguing in the episode about The Fire Movement, financial independence and early movement, and Suzi said she hates it. According to her, it's against the system, if everyone gets retired early then who will fund the 401K? It can become the reason for the economy to collapse.
Fire moment is working hard earning more and spending less and investing the difference. Retiring does not always mean staying at home and doing nothing. It's more about acquiring financial independence, so that you'll have a certain amount of money coming in, no matter if you work or not. Then you'll be able to spend your time on the things that are important to you. Throughout the show Susie was challenging every idea of it and then was cherry-picking the moments in people's life, where they had issues with their health, natural disasters or pandemics. According to her, people should work until they are 60 and 70 year old and retiring early is a bad idea. And she hates it.
I listened to an episode of Afford Anything Podcast with Paula Pant. I am a huge fan because she explains complicated financial and economical ideas in simple terms so that someone like me, who has less knowledge on finance and economy can understand the complicated system. I listened to an episode with Suze Orman. Where she said she hates the FIRE movement. Suze Orman was a financial advisor, she had her own show on NBC and CNBC she was there for 20 years giving financial advice to the people. While listening to this episode with Paula, I realized Suze Orman is the reason behind everything that is wrong with the US economy. Not only the US economy, but while we were growing up in the 80s and 90s in Nepal, or South Asia anything wrong that we learned about money is because of Suze Orman. This is rather a strong statement, but then Suzi is not not only a person, it's a mentality that we grew up with. You need to work until you die to be able to support your family. The idea of retirement was only after you got to your sixties and seventies.
Paula was arguing in the episode about The Fire Movement, financial independence and early movement, and Suzi said she hates it. According to her, it's against the system, if everyone gets retired early then who will fund the 401K? It can become the reason for the economy to collapse.
Fire moment is working hard earning more and spending less and investing the difference. Retiring does not always mean staying at home and doing nothing. It's more about acquiring financial independence, so that you'll have a certain amount of money coming in, no matter if you work or not. Then you'll be able to spend your time on the things that are important to you. Throughout the show Susie was challenging every idea of it and then was cherry-picking the moments in people's life, where they had issues with their health, natural disasters or pandemics. According to her, people should work until they are 60 and 70 year old and retiring early is a bad idea. And she hates it.