
Most folks are broke because they just "don't get it"Īppealing to this mindset of wanting to "pull one over" on society, or thinking that all those people who rejected you were "too stupid" to understand. In my opinion, this book should not be read by anyone who is planning on pursuing FIRE, there are so many better options. I can only imagine the people who read his book and went out and joined an MLM and put all their money into tax liens and wonder why they never got rich. To add to the bad advice, it also annoyed me from a stylistic perspective that he acts like poor people are all as dumb as rocks and his cunning genius is why he's rich. I mean, the man acts like investing in a mutual fund is for someone who wants to live on rice and beans the rest of their life (to be fair though, I know low-cost index funds weren't as widely available / know about back when the book was written). Those four were particularly bad, but I remember several others that made me scratch my head. This one he even brings up an example of his friend calling him dumb and he is so smug about it when defending himself.
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Please read the FAQ and Rules above, then feel free to share your journey or ask for advice! When participating on this subreddit, please be mindful of the ways in which you are lucky. Taking the slow road, or the traditional road to retirementīecoming financially independent requires hard work and a healthy attitude towards money, but also a degree of privilege. Gaining wealth for the purpose of excessive consumption Investing to make your money work for you, and learning to manage/optimize those investments for the unique nature of FI/RE Striving to save a large percentage (usually more than 50%) of your income to accelerate achieving FI Working to increase your income and income streams with projects, side-gigs, and additional effort Your wants and needs aren't written in stone, and less spending is powerful at any income level. Simplifying and redesigning your lifestyle to reduce spending. The purpose of this subreddit is to discuss FI/RE strategies, techniques, and lifestyles whether you are retired or not.ĭiscovering and achieving life goals: “What would I do with my life if I didn't have to work for money?" This subreddit deals primarily with Financial Independence, but additionally with some "RE" concepts.Īt its core, FI/RE is about maximizing your savings rate (through less spending and/or earning higher income) to achieve FI and have the freedom to RE as soon as you wish. This is a place for people who are or who want to become Financially Independent ( FI), which means not having to work for money.īefore proceeding further, please read the Rules & FAQ! Rulesįinancial Independence is closely related to the concept of Early Retirement/Retiring Early ( RE) - quitting your job/career and pursuing other activities with your time.
