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Reply to "Is FIRE next to impossible with children?"
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[quote=Anonymous]The FIRE movement isn’t a good idea for most people. If you’ve done well professionally you can end up in your 40s in a career where you get paid a lot of money and still have time to enjoy your life outside of work. It’s less stressful for me to work and spend a lot of money enjoying life than it is for me to not work and scrimp and save. My kids would also have to give up a lot to have unemployed parents. No expensive summer camp, frequent ski vacations, tutors, out of state college, etc. No babysitters so that mom and dad can have a break and focus on their marriage. FIRE also doesn’t recognize how much you’re giving up by not having an income. My salary is $280k roughly. It’s not just that I’d need $280k from investments but I’d also be giving up $280k in earnings. [/quote]
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