The FIRE movement is burning up, but is it actually worth it?
News Source : Business Insider
News Summary
- Financial independence doesn't have to come at the expense of enjoying life.
- A new wave of young investors is adopting a much more chill alternative to FIRE.
- They're front-loading their retirement accounts early, then easing off once their portfolios are on track.
- Most people aren't FIRE fanatics.
- Being one of the few who retire early and are untethered to a job or income stream can lead to anxiety and a lack of purpose in life.
- It's easy to declare financial independence in a roaring bull market when one's net worth only goes higher.
Berman, the author of Retire by 30, reached financial independence in his mid20s.Courtesy of Cody Berman This post originally appeared in the BI Today newsletter.
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