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A Philosophy for Financial Independence and Retiring Early

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Understanding Fire: A Philosophy for Financial Independence and Retiring Early

FIRE (short for Financial Independence, Retire Early) is served in many flavors, all of which are based on core ingredients listed on Reddit’s financial independence sub-reddit.

At first blush, the principles look like they’ve been copied and pasted from your garden-variety personal finance blog: spend less, grow your income, harness the power of compounding. But FIRE really is more of a life philosophy than anything, combining personal finance with a DIY work ethic, opportunistic side hustles, life hacking, and the tenets of anti-consumerism.

I've always been interested in this not because I do the more extreme things by the FIRE people, ๐Ÿ”ฅ but I do put a priority on saving, investing, and working towards retirement. I would like to retire closer 55 then 65, ๐Ÿ‘ด๐Ÿฝ at least from my 9-5 job, so I have time in my life to enjoy my off-grid property, ๐Ÿก do a little hobby farming, ๐Ÿ hunt, trap and enjoy life before I'm too old. And maybe even burn some stuff too.

How to future-proof your career path in 2020 (and beyond)

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How to future-proof your career path in 2020 (and beyond)

What hasn’t changed, however, is the advantage of having a career plan—a long-term vision with clear signposts along the way. Critically, a career plan isn’t something set in stone—a course plotted once and followed blindly. Think of it instead as a living document evolving in response to economic factors, emerging opportunities, and even personal interests and family realities. 

I revisited my own career plan every year, and still do. I continually ask myself what skills I need to develop to pursue future opportunities, and whether my career trajectory is aligned with my priorities, health, and personal interests. With the life cycle of job skills rapidly shrinking, regular check-ins are even more critical now. After all, today’s in-demand spreadsheet jockeys may well be tomorrow’s out-of-work bookkeepers. Equally important is a set of experienced eyes to steer you forward. Managers and senior leaders once filled this role, though this is increasingly rare. 

I do all kinds of planning for my life, but I never really gave much thought to creating a career plan with goals and time tables. That's actually probably a really good thing to do -- it's great to have a plan with goals for savings, but if you don't have a way to increase your earnings, get promotions and new opportunities one might never get there. ๐Ÿค”

It’s 2020 and you’re in the future โ€” Wait But Why

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It’s 2020 and you’re in the future โ€” Wait But Why

It’s finally the 2020s. After 20 years of not being able to refer to the decade we’re in, we’re all finally free—in the clear for the next 80 years until 2100, at which point I assume AGI will have figured out what to call the two decades between 2100 and 2120.

We now live in the 20s! It’s exciting. “The twenties” is super legit-sounding, and it’s so old school. The 40s are old. The 30s even more so. But nothing is older school than the Roaring 20s.

We’re now in charge of making this a cool decade so when people 100 years from now are thinking about how incredibly old-timey the 2020s were, it’s old-timey in a cool appealing way and not a boring shitty way.

What does โ€œOK boomerโ€ mean? The meme, explained – Vox

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What does โ€œOK boomerโ€ mean? The meme, explained – Vox

ForFor a long time now, the cross-generational dialogue between baby boomers and millennials has been built atop several recurring themes. Boomers — the generation born roughly between 1946 and 1965 — scoff that millennials expect “participation trophies” for doing the bare minimum. Millennials say boomers are “out of touch.” Millennials (born roughly between 1980 and 1996) are “killing” once-stable industries like cereal by saving money, spending less, and “eating avocados.” Boomers have “mortgaged the future” in exchange for hoarding wealth while also voting to end necessary social programs. Millennials would rather complain about student debt than buckle down, work hard, and “get a job.”

If anything, teens have been subjected to even harsher rhetorical maligning. Members of Generation Z, born roughly between 1996 and 2015, are portrayed as addicted to their phones, “intolerant” of their elders, and stuck in a “different world” thanks to the internet.

With all this repetitive back-and-forth — seriously, there are bingo cards — it’s no wonder the most polarizing meme of the year is a two-word dismissal of the whole debate. “OK boomer,” which floated into the internet mainstream and rapidly gained traction this fall, is an attempt by millennials and Gen Z to both encapsulate this circular argument and reject it entirely.