FIRE Movement (Financially Ind./Retire Early)

[StrangeSox]

yeah, it mainly seems to be by/for highly paid tech and finance guys. it also helps if you're like the insufferably smug Mr. Money Mustache guy who makes six figures from his blog.

[caulfield12]

This Is Why Poor People’s Bad Decisions Make Perfect Sense

We know that the very act of being poor guarantees that we will never not be poor. It doesn’t give us much reason to improve ourselves.

 

https://www.huffingtonpost.com/linda-tirado/why-poor-peoples-bad-decisions-make-perfect-sense_b_4326233.html

 

In the end, that article “earned” her over $60k at GFM.

 

[StrangeSox]

 

[caulfield12]

Well, nothing can go wrong when 1600 Pennsylvania is openly touting this as a buying opportunity...and, as far as the thread, the FIRE movement’s probably in some trouble at the moment.

The Dow went up so quickly, the 22-23,000 range is closer to where it belongs on a historical basis, considering factors like P/E ratios, interest rates, inflation, GDP growth.  Of course, China, Europe and America all being in near chaos probably doesn’t help...can throw Brazil into the mix for good measure.  

When they look back on this time period, the premature tax cut that didn’t find its way into the pockets of the middle class but added $1.4 trillion to the deficit will go down as one of the precipitating causes...all the stock buybacks artificially inflated the markets, along with the easy money policy that definitely had its place getting us out of 2008-09, but has pretty much run its course.

Edited December 26, 2018 by caulfield12