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Finance Flash Go! Episode #84: FIRE

Today on the Finance Flash Go! podcast, I’ll share my thoughts about FIRE and what it means!

Listen to the full episode and subscribe here!

What is FIRE?

I’m gonna keep this real brief.

If you go online to any forum, you will find intense arguments about what FIRE means, what it is and what it isn’t. Is the blogger technically on FIRE if she still blogs to make money?

Who cares.

But really…. who cares.

The thing is that it doesn’t matter at all what anyone else thinks. FIRE is personal. It’s a one woman or man game. You compete against no one but yourself. (And trust me, you are fierce competition enough!)

This is what FIRE is (to me, of course). But I think this is a generalizable definition. FIRE is living your life on your terms

It has nothing to do with finance per se.

However, finance is likely the biggest restraint to living life on our terms for the average human. This goes for those in both lower and higher socioeconomic levels. Sometimes it’s even easy to wonder if it can be a bigger restraint in the higher SES strata.

(P.S. It’s not. But the fact that some high income earners place themselves in self imposed golden handcuffs is a very avoidable fate…)

Related Post:
To Be Rich & To Feel Rich: Two Very, Very Different Things!

So, that’s what FIRE means to me. I want to reach financial independence to live life on my terms. Honestly, things may not change very much externally when I reach FIRE. But internally, the change will be immense.

FIRE

Related posts:
10 Reasons a Hybrid Investing Approach is Best
How to Find the Perfect Balance Between FIRE & YOLO
5 Easy Steps for Physicians Who Hate Personal Finance
Finance Flash Go! Episode #45: Small Cap vs. Mid Cap vs. Large Cap Stocks
My Stock Portfolio Is Better Than Your Financial Advisor’s
Stress Free Stock Market Investing Is Easier Than It Seems!
Important Money Lessons That I Learned From My Wife
Finance Flash Go! Episode #44: Understanding Growth vs. Value Stocks

I really hope that you all enjoy the Finance Flash Go podcast! We plan to release a new episode every weekday answering important finance questions. If you ever want to submit a question to our podcast, send an e-mail to [email protected]

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    The Prudent Plastic Surgeon

    Jordan Frey MD, a plastic surgeon in Buffalo, NY, is one of the fastest-growing physician finance bloggers in the world. See how he went from financially clueless to increasing his net worth by $1M in 1 year and how you can do the same! Feel free to send Jordan a message at [email protected]

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