As always, when you write about money, there is clarity. Principles we live by day-to-day for a lifetime now have definition, a name.
It's funny, this FIRE thing. It seems to incorporate basic principles of responsible living I learned from my grandparents, and my mother. Don't buy to impress. Spend less than you earn. Always put money away, even a little bit. Once you put it away, don't touch your core savings.
My husband and I are very modest people. We covet little, so it doesn't cost us a lot to live. Yet, we have everything we need and want. We'd like to have more to help others (family). For that reason only I wish our money (investments) had made money.
No matter how I look at it, it's hard to use a vibrant acronym like FIRE to describe our quiet life, but we do have and have had for years, financial freedom.
Great blog. Informative and entertaining.
Support engagement with a delegation to topcomment:
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Thank you very much, @friendlymoose and @topcomment ⭐️
Like I said; I love to talk about financial freedom, just for some reason never came across the acronym.
Financial freedom is not about a fixed amount of money. I have seen fishermen in Belize or farmers in India to be financially free. It is mostly a state of mind.
That is true...although, bills you can't pay are no fun. Not being able to afford medical care is no fun. Worrying about a place to live, about food, no fun. I think we've (you and I in the past) have shared that we know what it's like to not have enough for basic needs. The fisherman likely has a home, and food (fish😄!). I think financial freedom is more than a state of mind. But once basic needs are met, yes, a state of mind :)
Yes. This particular fisherman did have a home and boat which he owned. Also had his health and can't remember getting sick or doctors visits ever and he was 62 at the time.
Farmer, yes had his home and acres of land. Kids away at work and had their life. Also had his health at 70..
😇
I forgot to add one thing: at 79 my husband has been retired for 26+ years, and I haven't worked since 1996. True financial freedom, I guess.
indeed! Congratulations!
🌸🌈