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Why Do So Many People Want to FIRE (Financial Independence/Retire Early).
I asked a question on Quora recently about What Is Your Strategy to Obtain Financial Independence and How Long Can You FIRE?
I got a lot of responses that were helpful involving savings rate, investments, 401(k)s, Roth IRAs, cutting spending, and stuff that I had heard before. I’m really more interested in some more off the beaten path plans, which I haven’t seen too many of, but there was the one guy who doesn’t understand why I asked the question.
His Answer:
First of all he as dual degree/double major from a University in Accounting and computer science, he is an entrepreneur, and he has been a CPA longer than I have been alive. I think he has enough knowledge and credibility to provide a really good answer, but I think he found a detail of the question that bugged him — Retire Early.
I think that majority of people who want to FIRE are trying to do because they want to do something other than work for someone else for their whole lives. These people are willing to make sacrifices, cut spending back, and live without luxury even if they could afford it all in the idea of…
