Why FIRE?

-
Imagine you waking up in the morning not with the burden of going out and working for a living but waking up with joy that you can work on your passion or dream project of yours or with just the intention of making the world the better place than it was before. This FIREs up the FIRE starters like us.

You may be currently working in any field, if you don't like what you are doing, you will definitely feel like this job is pulling you down, no matter how good the pay is. If you can't associate with value that you can create and what you are currently doing (job) your soul will be not satisfied and that will bother you every night before you go to sleep.

Many of us are having employee mindset, which made us modern slaves of the world. We have to come out of this brainwashing that has started two hundred years ago.


I don't want to explain this quote in detail, we all know what is that one step is.

FIRE is not a get rich quick scheme. In fact it's not at all related to getting rich. It's about getting wealthy(find the difference here). 
Do what you love and you will never have to work for a day in your life
There is no compulsion that you need to quit your job if you want to be a FIRE starter. This is just an option. If you love what you do, you can still be a FIRE enthusiast. Being FIRE will give you sense of safety and freedom. That pleasant sleep when you don't have to worry about your future is priceless.

The best thing you give to your family is your time. Best moments are cherished with family. Its a treasure. Go grab it.

Even though there are difficulties in attaining FIRE, at the end of the day, it's all worth overcoming those difficulties.

Comments

Post a Comment

Popular posts from this blog

Evolution of Money - Barter system

-
Image
As Humans have evolved over time, Money we transact in exchange of goods or service is also evolved. We will see in detail why was there need to go other system. Barter System: Barter System was in use as early as 6000 BC introduced by Mesopotamia and it was improved by Babylonian's. Bartering is trading services or goods with another person when there is no money involved. If you ever traded 'abc' object in return of 'xyz' object, you have bartered. Advantages: You dont need money to barter. you do not have to part with material items. Instead, you can offer a service in exchange for an item It is flexible. Anything can be traded for anything.  Disadvantages: The desired item only has the value in this medium of exchange. For example, you desired to have apple, you will transact only with the person who is willing to exchange apple. Item exchanged is not quantifiable. Example: 10 apples cant be traded for a single sheep/goat. It was long tedious process...
Read more

Unfair Investment world

-
Image
If I tell you that investing is all about roses and sunshine then I would be lying. This article will tell you how unfair investment world is. Charlie munger, the second man whom I admire most after Warren buffet, once said that to be successful you just don't have to be stupid. They achieved this by sticking to their circle of competence . The advice can be applied to the stock market investing. To be successful in investing, you need to avoid big losses. Risk management is important when you are putting your hard earned money at stake. Let me put what I mean through numbers. Numbers won't lie and this truth has been hidden from most of the retail investors. If you lose 10% of your investment, you need 11% of the returns just to breakeven(no loss, no gain). And this keeps getting worse as the loss percentage increases. For 25% loss in your portfolio, your investments should return 33.33% to breakeven. A 50% drop in your portfolio should provide 100% return to break...
Read more