“There is a secret seldom spoken of by the financially independent. Those in the know can hear echoes of the secret periodically in the utterances from great financial leaders like Charlie Munger when he said the surest way to get in financial trouble is with the three Ls: liquor, ladies and leverage. Then Munger’s buddy, Warren Buffet, laughs about the comment in an interview saying Charlie was joking about the first two; it’s leverage where all the trouble lies.
Did you miss the secret? Unless you are loaded (financially, not with liquor) there is a good chance the greatest secret of wealth whistled past your left ear unnoticed.
In his own words: “The concept we now know as the FIRE community has been around for a long time under different names. Frugality and minimalism come to mind. Talking with grandpa they held many of these values 70 plus years ago without a fancy name to make it cool. As a part of this community I’ve had one serious gripe since the beginning. It’s easier to show what I mean…”
Are those seeking FIRE bad employees and friends? Are we worthless members of society because we seek to exit the labor force early and hoard our cash? Before you respond to these claims in the linked post, do yourself a favor and read all the way to the end before jumping to any conclusions.