I know this will vary a lot, so hypothetically let’s say you currently WFH/work remotely at least 3 days a week. Your commute to work takes an hour max (door to door) each way. If you were given the choice of a 4 day week working onsite, or a 5 day week WFH (or as many days as you’d like) for the same pay, which would you choose?
After doing WFH for several years, I’ll only take a job on site as a last resort or for like double my pay. Then I would cut my time until FIRE roughly in half. I don’t hate doing work. I hate having a huge chunk of my time taken up by having to work 40 hours.
If work weeks were cut to 24 or even 32 hours, I might even reconsider the FIRE path.
What does FIRE stand for?
Financial Independence, Retire Early
Basically earn a bunch of money, invest smart, and retire early.
A bunch of people want to act like it’s some secret new method and treat it like a fad diet, but people have been doing it forever.
Thanks! Sounds like calories in - calories out in weight loss.
Yeah, it’s overly simplified to the the point you’re missing out on valuable details.
Like, if just “spend less, save more” was easy, everyone would do it
I think the original FIRE was much more radical- basically the plan is to save up only like 700k or so, move to a low cost of living area, spend less than 20k a year, and try to live off of stock increases and interest.
But honestly that life sounds kinda shitty, so people stopped talking about FIRE what all the other conditions and it just became more “save, invest, retire eventually”
Oh, that’s it?
I’ll knock this out this afternoon and let you know how well it works