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How has the FIRE (Financially Independent Retire Early) movement impacted your life?
It seems to come in for quite a lot of heat.
Here's how I view the concept and use it in my life:
I think of it like a self-development tool.
Focussed on solely it doesn't lead to a well-rounded life. But incorporating the bits that work for you can provide huge benefits.
For example, if you only ever meditated, you have chosen to be a monk. Whereas building in some meditation practice into your life can really benefit you while still living the life you want to live.
I see it the exact same way with FIRE.
I think people criticise it because they believe the movement advocates excessive frugality to the point of life dissatisfaction.
And I understand how this view has permeated. Often a champion of a movement or tool lives on the extremes to gain attention and to pass on the learnings.
For example, you would prefer to learn golf from a pro that has dedicated their life to the sport than a bit-part weekend warrior.
That is not to say that you should then dedicate your whole life to golf, or in this case, FIRE.
But for me, reading @mrmoneymustache blog at a younger age gave me so many skills and a great perspective that has allowed me to take advantage of so much more freedom than I would have done otherwise.
By optimising my spend for happiness, rather than pleasure, my expenses have stayed low and my life satisfaction has increased.
By investing the excess income regularly and early, my partner and I have built up a nest egg that allows us to take time away from paid work and focus on things that bring us real joy.
I understand how it has got a bad rep but ultimately it is up you how you interpret the concept and incorporate it into your own life.
FYI: I don't think @mrmoneymustache is extreme - he is just considered the 'godfather' of the movement.

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