Doug and Carl talk about the bad parts of the FIRE movement.
Cheap people
Dogmatic approaches
How the mainstream media writes about FIRE
Lack of nuance (must we discuss the fv^%ing 4% Rule again?)
It’s OK to work
From the listeners
Living off $40,000/year isn’t realistic
Credit card hacking isn’t for everyone
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Links
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Disclaimer: The podcast is for informational purposes. Maybe entertainment but we won't even make such a claim. You shouldn't take the info as financial, legal, or tax advice. We aren't certified financial planners or advisors. We're not qualified for much. So get advice from professionals.
Brought To You By:
The Doug Show, aka Affiliate Marketing & Side Hustles)
1500 Days, Carl's Blog about Early Retirement)
Email us here: [email protected] or [email protected]
0:00 Intro
4:30 Mr. Mustache HQ - What's new?
7:50 Doug's health updates 10:38
How you can support us
14:25 Carl's number one issue with FIRE
22:31 Applying a dogmatic approach to FI
28:00 Is having a job necessarily bad?
36:20 Paying attention to details
39:04 Portrayal of FIRE in the media
43:20 The 4% rule (again)
50:30 Annoying things FI people do
53:43 Courses
59:04 Can you live on 400k a year?
1:01:09 Credit card rewards
1:02:50 Teaching teenagers a FIRE mindset
1:04:26 Shifting into decumulation
1:07:26 The ''Spending is bad'' mindset