Is the FIRE movement dead?
Discussion
The idea is still alive but until they adopt Bitcoin I don’t see how it can work long term. I’m looking for Financial Independence and the ability to retire early. But I enjoy contributing to society too much to hang it all up.
Definitely seems less prevelant than say 5 years ago. FIRE without bitcoin is near impossible
Truth
Burned out?
Good question lol, no just thinking with accelerated inflation the meat eggs it requires don't mean much
I’ve got the fire inside, and am chasing that dream. The FI comes quickly, but it’s a long boring process to save and invest your way to the RE part.
The foundation of the movement is rooted in the 4% rule - so historically people should be alright when they run their Monte Carlo simulation. The movement’s rebuttal is that you can just cut spending in a down year.
BTC solves one leg of transporting money across time, but I think the FIRE crowd leans heavily towards being all in on an index fund. If you want to diversify your intergenerational wealth - perhaps generating income streams like a business can help you pass it off to the next generation (and avoid the taxation) is a wise choice if you’re not all in on BTC.
Once I dug deeper, the FIRE movement has reinforced my belief that you can’t just retire to sitting on your ass. Humans need community and a purpose.
A lot of Bitcoiners live the FIRE lifestyle.
The nomadic bitcoiner is maximizing this.