Why I Quit the FIRE Movement | Slow Living Lifestyle
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4 ماه پیش
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There are pros and cons
There are pros and cons to the FIRE movement but...
Here's why I quit the FIRE movement and why I chose the lifestyle I'm living now.
Follow A Slow Simple Life
🌿 Socials: https://linktr.ee/aslowsimplelife
📚 My recipe e-book https://www.amazon.com/Suzy-Parcero/e...
All music featured in this video is from Epidemic Sound. Get 1 month free with this link 😊 https://share.epidemicsound.com/4b14ac
Join my Patreon community for exclusive content: Patreon: ASlowSimpleLife
I got the GF vegan focaccia recipe from here https://www.mamaknowsglutenfree.com/g...
Chapters:
00:00 FIRE
00:40 Compromising important things
02:46 Unsustainable plan
04:52 Not a one-size-fits-all approach
06:28 Time
I Quit Fire Movement
I worked as a teacher for 10 years and although I loved being with my students, the 50-hour work week wasn't easy. I barely got to spend time with my son during most of his childhood years, which was hard for me. I was constantly burned out and exhausted, and I wanted to retire early so bad.
I was drawn towards the FIRE movement and thought it was a way out of my misery. But in reality, I had deeper personal issues that were intensified by work burnout. These were inner conflicts that FIRE could not solve for me.
When we're constantly busy in a demanding career, we tend to just go through the motions. There's no time or energy left to reflect, zoom out and determine if the path we're on still resonates with us. I felt I was just existing but not really living.
I couldn't afford not to work and life is too short to waste a few more years working a job that made me miserable every single day.
So I quit teaching and switched to a different career path and made some lifestyle changes. These shifts didn't solve my bigger problems overnight but a less demanding career helped me to create space to figure out and pursue the direction I wanted to take in my life.
The FIRE movement has good intentions and I understand why some people believe in it. I did, too. However, if this involves hustling harder to hopefully retire sooner, we may be compromising more important things in the midst of it.
As the saying goes, "It's not only the scenery you miss by going too fast - you also miss the sense of where you are going and why."
An unsustainable plan
FIRE is a lifestyle movement that's all about increasing your income while saving and investing aggressively to retire in your 30s or 40s.
I don’t think there’s anything wrong with living frugally and being financially responsible, and it is something I practice in my life. But if we want to design a new lifestyle,we need to make some subtractions without it feeling like a sacrifice. Otherwise, it will just be a miserable and unsustainable plan.
Since we wanted to be less dependent on our jobs and achieve financial freedom, we moved somewhere cheaper and simplified our lifestyle. But we choose to live within and not below our means. Money, after all, is only a tool and not the goal. It facilitates freedom but achieving a balance between financial stability and other life goals is just as essential.
Overall, I believe in the importance of evaluating whether the actions we’re taking towards our goal are adding value to our life or diminishing it.
If the cost of early retirement involves staying at a high paying job that compromises my health and happiness, or depriving myself of so many things to save more quickly, then I don't think it's worth it. Because what’s the point of all the hustling and extreme savings if my health fails even before reaching my retirement goals
Not a one-size-fits-all approach
We have different circumstances, preferences, and ways of thinking. And your retirement will be different from your friends, families and strangers.
This is why first and foremost, we need to define retirement from our own values and perspective and not according to what we see in others. This will help to determine what we're actually saving up for and if it's worth the amount of life we pay for in the short or long term.
"The cost of a thing is that amount of life which must be exchanged for it." Henry David Thoreau
Personally, I want to spend my retirement continuing to do purposeful work, living simply, engaging in hobby projects, spending time with loved ones, and creating space for introspection.
Considering my retirement goals, I don't need much to live on, especially if I continue to live somewhere inexpensive. But if you have a different plan for your retirement and intend to travel the world or start a business, then that may require a bigger budget.
There is no one-size-fits-all way to live our retirement years. It’s something we will have to discover for ourselves but the most important thing is it's something that resonates with us and makes the most sense for our financial situation.
Here's why I quit the FIRE movement and why I chose the lifestyle I'm living now.
Follow A Slow Simple Life
🌿 Socials: https://linktr.ee/aslowsimplelife
📚 My recipe e-book https://www.amazon.com/Suzy-Parcero/e...
All music featured in this video is from Epidemic Sound. Get 1 month free with this link 😊 https://share.epidemicsound.com/4b14ac
Join my Patreon community for exclusive content: Patreon: ASlowSimpleLife
I got the GF vegan focaccia recipe from here https://www.mamaknowsglutenfree.com/g...
Chapters:
00:00 FIRE
00:40 Compromising important things
02:46 Unsustainable plan
04:52 Not a one-size-fits-all approach
06:28 Time
I Quit Fire Movement
I worked as a teacher for 10 years and although I loved being with my students, the 50-hour work week wasn't easy. I barely got to spend time with my son during most of his childhood years, which was hard for me. I was constantly burned out and exhausted, and I wanted to retire early so bad.
I was drawn towards the FIRE movement and thought it was a way out of my misery. But in reality, I had deeper personal issues that were intensified by work burnout. These were inner conflicts that FIRE could not solve for me.
When we're constantly busy in a demanding career, we tend to just go through the motions. There's no time or energy left to reflect, zoom out and determine if the path we're on still resonates with us. I felt I was just existing but not really living.
I couldn't afford not to work and life is too short to waste a few more years working a job that made me miserable every single day.
So I quit teaching and switched to a different career path and made some lifestyle changes. These shifts didn't solve my bigger problems overnight but a less demanding career helped me to create space to figure out and pursue the direction I wanted to take in my life.
The FIRE movement has good intentions and I understand why some people believe in it. I did, too. However, if this involves hustling harder to hopefully retire sooner, we may be compromising more important things in the midst of it.
As the saying goes, "It's not only the scenery you miss by going too fast - you also miss the sense of where you are going and why."
An unsustainable plan
FIRE is a lifestyle movement that's all about increasing your income while saving and investing aggressively to retire in your 30s or 40s.
I don’t think there’s anything wrong with living frugally and being financially responsible, and it is something I practice in my life. But if we want to design a new lifestyle,we need to make some subtractions without it feeling like a sacrifice. Otherwise, it will just be a miserable and unsustainable plan.
Since we wanted to be less dependent on our jobs and achieve financial freedom, we moved somewhere cheaper and simplified our lifestyle. But we choose to live within and not below our means. Money, after all, is only a tool and not the goal. It facilitates freedom but achieving a balance between financial stability and other life goals is just as essential.
Overall, I believe in the importance of evaluating whether the actions we’re taking towards our goal are adding value to our life or diminishing it.
If the cost of early retirement involves staying at a high paying job that compromises my health and happiness, or depriving myself of so many things to save more quickly, then I don't think it's worth it. Because what’s the point of all the hustling and extreme savings if my health fails even before reaching my retirement goals
Not a one-size-fits-all approach
We have different circumstances, preferences, and ways of thinking. And your retirement will be different from your friends, families and strangers.
This is why first and foremost, we need to define retirement from our own values and perspective and not according to what we see in others. This will help to determine what we're actually saving up for and if it's worth the amount of life we pay for in the short or long term.
"The cost of a thing is that amount of life which must be exchanged for it." Henry David Thoreau
Personally, I want to spend my retirement continuing to do purposeful work, living simply, engaging in hobby projects, spending time with loved ones, and creating space for introspection.
Considering my retirement goals, I don't need much to live on, especially if I continue to live somewhere inexpensive. But if you have a different plan for your retirement and intend to travel the world or start a business, then that may require a bigger budget.
There is no one-size-fits-all way to live our retirement years. It’s something we will have to discover for ourselves but the most important thing is it's something that resonates with us and makes the most sense for our financial situation.
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