In this episode, Michael discusses the great myth or lie about the FIRE movement, the notion of early retirement. He mentions that most people that achieve FIRE don't actually retire in the traditional sense and continue bringing in some form of income.
While they might retire from the traditional corporate world, chances are income will still come in one way or another, so we should plan for this when looking at our own early retirement planning.
Show Notes
Living a FI:
https://livingafi.com/2021/03/17/the-2021-early-retirement-update
Mr Money Mustache:
https://www.mrmoneymustache.com/2012/05/14/first-retire-then-get-rich
Madfientist
https://www.madfientist.com/third-year-of-freedom
Mr Money Mustache - Definition of Retired:
https://www.mrmoneymustache.com/2013/02/13/mr-money-mustache-vs-the-internet-retirement-police
1500 Days
https://www.1500days.com/thankful-to-be-thankful
Choose FI Quote:
https://money.com/married-couple-fire-million-financially-independent
Savoteur
https://savoteur.com/are-fire-bloggers-truly-chasing-fire
Money Flamingo
https://www.moneyflamingo.com/the-retirement-lie
Follow my FI Progress:
