I’m 64, well almost and maybe a little slow and behind the times but it seems there’s been a movement going on for a few years called FIRE, an acronym which stands for Financial Independence Retire Early. It’s mostly amongst millenials I think.
Sounds good to my way of thinking and the interests I have and write about on various platforms. Until…
You dig into it a little bit and realize there are two sides in this movement according to Robert Farrington of The College Investor, the “lean” and the “fat” movements and they are described just as you think they would be.
I’m a big believer in “to each his own” but the “lean” people are the majority of these movements at 80-90%.
The “leans” believe in frugality and minimalist living. In other words, spending as little as possible with no or little emphasis on earning more.
Now, am I the only one who thinks this is sort of the opposite way of thinking to Financial Independence Retire Early?
Back in the 1970’s, (yes I was there in a big wayJ), these kinds of people were called hippies.
I don’t have anything against people who are happy with their incomes and who like to watch their pennies and live frugally but…
Shouldn’t the “leans” section of the Financial Independence Retire Early movement have just started their own club? Maybe call it “The National Penny Pinchers” or “We Got Nothin’ and We’re Happy Damn It” clubs.
Maybe since most of the movement is young people, they’ll change their way of thinking as they get older. This is America and they can do and think whatever they want. I sincerely wish them the best in whatever they choose.
I just think God meant for us to LIVE and enjoy life to whatever extent makes us happy. It’s just that a lot of things which people consider making them happy involve money.
So we have to find a way to get to the point of having time and financial freedom to choose and do whatever that is that makes us happy as long as it doesn’t hurt or interfere with other people.
Since the turn of the 20th century and the industrial revolution we’ve been told we can find a nice employer who’ll let us work for 40 hours a week for 40 years and then we can retire and live off 50% of what we couldn’t live on when we were working.
The only people getting rich and being in a position of freedom are the employers. It’s great they’re getting rich but…
What about you?
I don’t know how old you are or what your situation is but I do think for most people building an internet business is the shortest way to freedom.
Now, I’m not talking about get rich quick scams because they are out there. But doing your due diligence and looking for trustworthy individuals to recommend pathways is definitely doable.
I’m not even telling you that you have to do a certain kind of business. If you already have a product or service or you’re very passionate about a certain area of life which can be monetized, all you have to do is learn how to market it on the internet.
I say “all you have to do” not to say it’s easy. There’s a learning curve involved. But hey, if I can learn this stuff, you can too.
If you don’t have a product, service or red hot passion for something, you can still have a business on the internet. Most people start out with affiliate marketing which, if you don’t know, is selling other people’s products or services for a commission on the deal. This can also be very lucrative.
I could give you some examples of the kind of money some affiliates are earning but you wouldn’t believe me and it would sound like hype. So if you’re so inclined you’ll find out for yourself at some point. So to the 10-20% of the Financial Independence Retire Early crowd, I’m on your side. You’re my kind of people. I’m in pursuit, not quite there yet, of that time and financial freedom. The more I do it the more I believe in it.
You can start right now…here.