this post was submitted on 30 Oct 2023
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FIRE (Financial Independence Retire Early)
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FIRE is a lifestyle movement with the goal of gaining financial independence and retiring early.
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I think a little nudge is good but if they are not receptive to it, I don't bring it up again. Finance is very personal stuff and my some of friends/family get embarrassed/uncomfortable discussing that.
also I think it's important to not be completely out of touch since most people in my circle don't have enough money to have a safe savings/emergency stash, let alone invest into retirement. I don't want to piss people off or make them despair talking about FIRE if I know they don't have good income leftover to begin with. That's just been my experience with it, curious how you guys think about it.
At the end of the day, while FIRE is appealing to me and works well for me, it's not the only right way to live. I think if someone I was close to got set up in a good paying job, offering to explain their retirement benefits to them and help them get set up is fine, but I wouldn't push them more than that because it can seem a little preachy. If they want to know more, then we can talk. Most people don't, and pushing the subject would only be off-putting.
Similar to if I had a morbidly obese friend. Yeah it'd be good if they counted calories and ate mostly fruits and veggies to achieve a healthier weight, but is it really my place to push them towards a different lifestyle? Or should I just be a friend and help them when they ask for it?