The FIRE movement is often painted with a broad brush and seen as a group of people saving money in order to retire as quickly as possible. However, FIRE to me isn’t as simple as having an endpoint and doing whatever possible to get there. It’s simply about having options. That is what makes it so appealing to me.
“But it was such a great deal! I saved $80!” News flash: You didn’t save anything. Retailers factor all of their discounts, coupons, and loyalty rewards into their prices at the outset. They still turn a profit even while you’re enjoying your 30%, 40%, even 75% off.
I realized that our mindset is what determines our success. Most people like to blame their circumstances or disabilities for why their life is the way it is. The people who do this have negative mindsets though. Anytime you think negatively about your life, you’re putting limitations on yourself. If you can reverse your negative thought process, you’ll find yourself moving forward rapidly.
Risk is a gargantuan force that can’t be wrestled into one sentence or even a singular idea, but if you’ll allow me to channel my inner Charlie Munger via Tren Griffin for a moment- I think risk is best thought of through the prism of inversion; Risk is the opposite of risk-free. Risk-free however is a bit or a misnomer because risk rules everything around us.
Here’s a sexy audible for your next date night. As the conversation shifts away from the pickup schedule and that Rosé starts talking, slide a few pieces of paper over to your better half. Its contents are more eloquent than a love letter, more sensual than a sonnet, and yes, even more risqué than a Jeff Bezos selfie. As your partner performs the grand reveal, they’ll be pleasantly perplexed to find: a balance sheet, financial projections, exception reports, and even a stress test. Meet your quarterly Money Review.
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Riley Adams is a licensed CPA in the state of Louisiana working as a Senior Financial Analyst for a Fortune 500 company in New Orleans. He has a personal finance blog dedicated to helping young professionals find financial independence at Young and the Invested.