The Problem with the “FIRE” Movement | Ramit Sethi

[@Anitasolomon-u4p]

I came across your channel through this video-case studies are incredibly valuable, and I'm eager to see more in the future! Building wealth involves establishing routines, like consistently setting aside funds at regular intervals for smart investments.

[@Pamala-p1t]

People believe their currency has the worth it does because they have no other option. Even in a hyperinflationary environment, individuals must continue to use their hyperinflationary currency since they likely have minimal access to other currencies or gold/silver coins.

[@Cesarinaella]

The issue is people have the "I want to do it myself mentality" but not equipped enough for a crash, hence get burnt. Ideally, advisors are reps for investing jobs, and at first-hand encounter, my portfolio has yielded over 300% since 2020 just after the pandemic to date.

[@Davidvictor6]

Glad to have stumbled on this comment, Please who is the consultant that assist you and if you don't mind, how do I get in touch with them?

[@Cesarinaella]

My CFA NICOLE ANASTASIA PLUMLEE a renowned figure in her line of work. I recommend researching her credentials further... She has many years of experience and is a valuable resource for anyone looking to navigate the financial market..

[@Davidvictor6]

I just googled her and I'm really impressed with her credentials; I reached out to her since I need all the assistance I can get. I just scheduled a caII.

[@tatianastarcic]

I don’t know how but you’ve managed to package an unbiased analysis that is more entertaining than the sensationalized segment of economic and financial news. Thank you for your efforts to be the signal and not the noise. I understand that the economy is currently in a downturn and that we must wait for things to get better

[@BridgetMiller-]

As hard as it may sound you can plan for the recession. If you are working, find extra work and get an Invest--advisor. Protect your deposits by having enough cash in short term fixed income. Then cut your expenses. Minimal insurance, cut utilities.

[@Michaelparker12]

I think the current market might give opportunities to maximize profit within a short term, but in order to execute such strategy , you must be a skilled practitioner

[@nicolasbenson009]

Due to my demanding job, I lack the time to thoroughly assess my investments and analyze individual stocks. Consequently, for the past seven years, I have enlisted the services of a fiduciary who actively manages my portfolio to adapt to the current market conditions. This strategy has allowed me to navigate the financial landscape successfully, making informed decisions on when to buy and sell. Perhaps you should consider a similar approach.

[@berniceburgos-]

Even if you have a humongous income you still need to draw up futuristic plans because anything can happen. One could lose one's job or whatever. Investment cannot be overemphasized. About your advisor, how does one reach pls

[@nicolasbenson009]

There are a handful of experts in the field. I've experimented with a few over the past years, but I've stuck with ‘’ Melissa Terri Swayne” for about five years now, and her performance has been consistently impressive. She’s quite known in her field, look-her up.

[@michaellawrence3345]

He should be on the ice coffee hr please 😂

[@itzelgonzalez7334]

Yes!!

[@Simple-ist]

I like FINE. Financial Independence, Next Endeavor. My spouse and I don’t want to do our current jobs until we’re old, but when we reach financial independence I can’t imagine either of us completely stopping working, just working on different, more passion projects that might have income potential but might not.

[@aprilvancleve9463]

Ouu, I love that! FINE

[@handlemonium]

FINE by me! 🙃

[@candecarro]

I love that, too!!

[@SuperKamiNeko]

Wow, that's pretty cool! I've seen another : FI Recreational Employment, you work because you want to and not because you have to

[@LouisMorganxb3]

If I had realized that I could pick up knowledge from others, I would be well beyond where I am now. Learn from the mistakes of others. I completely agree that we should start with our existing activities while attempting to find ways to earn extra money. As for myself, I had very little saved for retirement, no debt, and seven figures in my portfolio.

[@palebiss1646]

Congratulations on your successes! To make things even better, you may work with a financial advisor to rebuild your portfolio as a whole and eliminate the problematic investments you now own. This method has shown to be quite effective for me in terms of reducing stress and worry while also saving a significant amount of time.

[@AdamWright8fool]

once you've achieved your retirement? However, what knowledge do you possess? You'll need to budget between $3.50 million to $4 million for your retirement.

[@LouisMorganxb3]

a personal retirement plan or account. I do really talk to my actuary *Leah* *Foster* *Alderman* since that's exactly what it sounds like-an individual retirement arrangement. Additionally, we don't know enough about the business aspect of it. Check out her details for further insight.

[@angelodgreat6561]

Many restaurant stocks are declining, and I can't wait to go shopping when I get paid!

[@IMadeThisChannelForTheCompound]

Great to see the wedding ring! Congrats!

[@TheGrahamStephanShow]

Thank you!!

[@brunabodulica4245]

I think Ramit has a good point. A lot of people that are FIRE still have anxiety about spending money. FIRE won't solve what you should be solving by working on yourself.

[@BlessedOne_91]

No, it’s that the ppl that are FIRE realize you don’t need to spend money to enjoy life. Once you live frugal for that amount of time you realize you don’t need to eat out at fancy restaurants or waste a bunch of money on dumb vacations to enjoy life. Thats why most ppl will never actually obtain financial independence. Those who obtain FIRE also tend to think about emergency situations like having access to the best doctors and healthcare, or if they pass away will their family be able to survive with the amount of wealth obtained. Rather than spending it on stuff that doesn’t mean anything.

[@brunabodulica4245]

@@BlessedOne_91 then why putting aside at all? It is a mental issue, extreme frugality, it should be solved in a therapist sessions.

[@sanghamitramohapatra4825]

​@@brunabodulica4245You don't have to be insanely frugal if you budgeted for a reasonable life before you retire early. Do the math to give you more savings, maybe work for slightly longer, budget for holidays or those coffee meetups..

[@tylercampbell6058]

The best thing money can buy is time freedom and that’s what people doing FIRE are doing. I made a spreadsheet showing that with FIRE you can spend just as much money or more over your lifetime as someone who works their whole life and spends every dollar now and still end up passing down large sums of money. The amount of money that FIRE person spent per hour worked was far higher than the person that worked their whole life and never saved or invested for the future. Us in the FIRE movement think that all the “normal” people need to see a therapist.

[@mmmd3429]

Now they have the time and not the actual worry of accumulating money to fix this problem. Beats being in debt and chained to a dead end job.

[@ryanconrad92]

While I admire your ability to be frugal and save a bunch of money Graham, I hope as you get older, you learn that you only have one life. What’s the point in having all that money if you’re not going to spend it on once in a lifetime opportunities? Go travel, book a first class ticket, do fun activities, explore the US or the world with your wife. Spend it on things that you and your wife love. Eat at fancy restaurants, eating food that you’ve never had before. If you don’t live your life to the fullest, you’ll look back when you’re 80 and wonder where all the time went and wish you had done more things when you were younger and had the energy and physical body to do them.

[@masteracheles]

I hope he sees this

[@tyronebriggs5721]

The thing is some people don’t really care. While I’m sure he will travel some people don’t feel any better in first class or buying Starbucks over home coffee. His enjoyment seems to really be content.

[@cedricol]

He has somewhat evolved in that regard though.

[@mperry228]

Some people’s hobby is saving and growing money. It becomes a thing you have and no longer holds value to them as a spendable thing. Like a classic car you don’t really drive but would never get rid of

[@thanksyoutubefortakingmyhandle]

@@mperry228 like a Ford GT lol

[@meganbaker189]

Crypto Bull run is making waves everywhere and I have no idea on how it works. What is the best step to get started please,,

[@JoicePascoal]

Am facing the same challenges right now and I made a lots of mistakes trying to do it on my own even this video doesn't give any guidelines I will advise you to stop trading on your own if you continue to lose. I no longer negotiate alone, I have always needed help and assistance

[@conteudointerativo380]

I will advise you to stop trading on your own if you continue to lose. I no longer negotiate alone, I have always needed help and assistance

[@gurkankaradag960]

You're right! The current market might give opportunities to maximize profit within a short term, but in order to execute such strategy, you must be a skilled practitioner.

[@roseypasha1706]

Inspiring! Do you think you can give me some advice on how to invest like you do now?

[@OmarMoura-lr4sr]

I know Ms Sofia Santos. Her platform maintains a unique perspective and is very transparent with its investors. Whether she outperforms or not, I will always stay invested because her methods are the only ones that keep investors in touch with their strategy.🎉🎉❤

[@RecklessRayDinero]

Money doesn’t solve problems, BUT it buys everything…I’d rather be “miserable “ with money then miserable and broke/poor

[@TVHouseHistorian]

A *very* valid position. 👍

[@CAGChannel1]

And $ does help solve a sh- load of problematic situations

[@handleyobusiness]

​@@CAGChannel1 I live in a high crime area, broke people are typically the meanest.

[@firefalcoln]

Why present it as a binary option where you’re miserable in both? Is it so unreasonable to pursue having money AND not being miserable?!?! It’s not like dreaming of being a star athlete, music sensation and Oscar winning actor all at once. Having a decent amount of money and being mostly happy rather than miserable is a reasonable attainable goal IMO for a lot of people.

[@RecklessRayDinero]

@@CAGChannel1 💯

[@danielwalker875]

So many people focus so much on what they're retiring from they forget what they are retiring to. Depression spikes around retirement because people don't know what to do without work and don't feel useful. Money is only a part of retirement planning.

[@penguingobrrbrr353]

Well, you can still work a day job if you wish or just spend your money in your retirement.

[@DonaldMark-ne7se]

The only American who won't acknowledge this Administration's failed economic policies is Joe Biden. "Shrink-flation' is the least of our worries compared to rising rents and stagnant wages, but it is an undeniable indicator of how bad our inflation has gotten. I have $100k that i like to invest in a non-retirement account, any advice on that?

[@JacquelinePerrira]

I would avoid index funds, mutual funds, and specific stocks for the time being. Right now, the best option is a fixed income of five percent. Put money aside for the times when the market really starts to bounce back.

[@Jamessmith-12]

Yeah, financial advisors could make a lot of difference, particularly in a market such as this. Stocks are pretty unstable at the moment, but if you do the right math, you should be just fine. Bloomberg and other finance media have been recording cases of folks gaining over 250k just in a matter of weeks/couple months, so I think there are a lot of wealth transfer in this downtime if you know where to look. I have been using an FA since 2020, and I return at least $30k ROI, and this does not include capital gain.

[@kevinmarten]

Would you mind telling me how to contact this specific coach using their service? You seem to have the solution, as opposed to the rest of us.

[@Jamessmith-12]

She goes by ‘Carol Vivian Constable’’ I suggest you look her up. To be honest, I almost didn't buy the idea of letting someone handle growing my finance, but so glad I did

[@kevinmarten]

Thank you! I entered her full name into my browser, and her website came out on top. I filled her form and i hope she gets back to me soon.

[@janellenelson7361]

I enjoyed being frugal during grad school, and I truly enjoyed aspects of it. My life felt simple and I was very grateful for simple things

[@Shelly_Renee825]

I listened to all of Ecclesiastes on youtube today it changed my whole mindset...life is meaningless without God.

[@coreyburke3493]

Which god?

[@Laurenhurst3]

Well explain thank you for bringing up this video Financial education is indeed required for more than 80% of the society in the country as very few are literate on the subject. The value of the US dollar is declining due to inflation, but it is increasing in comparison to other currencies and commodities such as gold and real estate....This all spells a reset which none of us know..... I have bought Bitcoin as a store of value while also actively trading.....managed to grow a nest egg of around 200k to a decent 732k in the space of a few months... I'm especially grateful to Francine Duguay, whose deep expertise and traditional trading acumen have been invaluable in this challenging, ever-evolving financial landscape.

[@Laurenhurst3]

Francine Duguay program is widely available online.

[@bluejeremydragon]

I appreciate the professionalism and dedication of the team behind Francine’s trade signal service.

[@efrinajolie]

Trading with an expert is the best strategy for beginners and busy investor s who have little or no time to monitor their trades.

[@ZopiDomul]

It was quite challenging to understand the different trends on my own until i found out about Duguay. Trading made easy.

[@nodisia]

What I appreciate about Francine Duguay. is her ability to tailor strategies to individual needs. She recognizes that each investor has unique goals and risk tolerances, and she adapts her advice accordingly...........

[@equalogist]

The irony - one fraud "exposing" another fraud, this guy literally lost 100s of thousands of dollars of people's hard earned money. What a POS

[@MuhammadHadi-to1nn]

Can you explain

[@Roe0211]

He apparently pushed people into some banking investment where people can now not get their money back from.

[@LostKin69]

Ramit is the man!

[@HanselFinancial]

I think everyone should strive to reach “FIRE” in their own personal finances.

[@findingnando]

Yes! interview him Rami, speaks to me so practically he gives great advice

[@jwarnstarsmile]

Nice haircut, Graham! I've been consuming quite a bit of Ramit's content lately and really enjoying it. Great video!!

[@MrSnoryMan]

FIRE with a growing family is a lot more challenging especially as the cost of raising kids is increasing. I feel like a lot of talk around FIRE are young people who do not think about getting married and having a family. If that is their ambition good for them. I work for my family not for myself

[@angelapate328]

I like the Barista FIRE idea.

[@asavannah7439]

Me too. Work 2 - 3 times a week sounds good

[@PrincessZelda609]

Barista FIRE is my goal. I'm planning to "retire" to PT work in my mid-40s...50 at my absolutely latest. No more than 24 hours per week.

[@alyssalynn1691]

I find it interesting that Graham basically proved Ramit's point 😂 but seriously you and your wife should go on his podcast! He already interviews Mindy from the FIRE community

[@coreyburke3493]

Right lol. There's no problem..... except all I want to do is hoard money and buying a single Starbucks probably makes me want to vomit 🤷🏻

[@jat-cv4yy]

You have definitely turned into Mr. Krabs 😂

[@shirolee]

LOL pretty much

[@funnytime1111]

“I like money!” 🦀🤑

[@peachygal8856]

😂😂😂😂😂

[@TeeRavis]

He likes promoting things that take peoples money from them too

[@MrSlm1982]

I'm happy now, I just want to be happy with financial freedom

[@tscoff]

I’m currently 53 years old. I have a spreadsheet that shows that when I’m 62 i’ll be financially independent if I want to be. When I’m 65 I’ll be comfortable and when I’m 67 I’ll be living in luxury. I’m going to decide which level of retirement I want when the time comes, but no matter what happens I’ll be comfortable and happy.

[@finurra3905]

Yayy you’re back! Congratulations on your wedding btw! So happy you covered this!

[@tdp0065unt]

“Oprah has money coming out of every… angle.” 😂 Nice catch, Graham!

[@OmahaTonyG]

I’m FI but I didn’t retire early. My problem is that by working, I’m able to have a ton of luxuries. If I stopped working I would be able to survive, but travel, expensive hobbies, and luxury purchases would have to stop.

[@mrmacmiggles]

I slightly disagree with, if you're miserable now without money you'll be miserable with money. If your job is what makes you miserable then having the freedom to find something better or not work at all and not be worried about money is a game changer.

[@themusic6808]

The part of the early retirement equation people usually put zero emphasis on is decreasing their cost of living. Wether that be through being debt free, deciding to live in a location where rent or the cost of buying a home is affordable, being deliberate about where money is being spent and wasted, budgeting properly for needs and understanding what kind of luxuries are affordable, etc. If you generally look at what keeps people working until they’re 65 it’s the cost of having dependants like children, a mortgage on a house they’ve probably re mortgaged multiple times and overpaid for, and usually a ton of bills linked to consumer debt such as auto loans and credit cards. All to say if you’re going to go hard on investing you’ll find you don’t need nearly as much to support yourself on of if you also go hard on being strategic & gaming on how to live inexpensively. In the business world you’d call that having a high free cash flow margin ;)

[@bocadelcieloplaya3852]

"Most people focus on increase of the flow, butt I focused my attention on the leakage down below." -Randy Vining.

[@ThatsPrettyCool87]

Many guys i know who retired all go back to work.. why.. because the boredom gets to them, they miss being around people/colleagues/friends. When you work all your life, thats really all you know.

[@Mike-123]

Money may not solve life's problems, but not having to go to work anymore definitely can!

[@sprinkle61]

Actually, not going to work also doesn't solve life's problems, but it DOES give you a lot of time to work on them !

[@BegravelseinBrussels]

I'm a big fan of options, and FIRE gives options, but also there are some options that are expensive and available now, but not available later. I really like doing triathlons, but they are expensive. While I hope to be doing them in my 90s, I won't be if I don't have a fitness base from doing them now! It's a balance.

[@jewelplate]

Lmao ultra frugality. At one point I was spending $70 a week on food so I would get enough nutrients to not die. It sucks but the food is simple and easy enough to cook. I wasnt poor either 60k a year job at the time but the amount of money I saved and shoveled into investments is crazy. The only problem now is I fear relationships cauz the portfolio is fucking massive by average worker standards and I live in a country that doesn't recognize prenups at all.

[@aprilvancleve9463]

Maybe have a relationship but don't get married?

[@creeper2054]

As a lean FIRE guy who is currently on vacation in Spain, I can honestly say that FIRE doesn't deny you anything. It is quite the opposite. FIRE = Freedom.

[@OptionsJunkie]

Realistically our world is a better place because of the service we give to others. People need purpose and everyone's lives are better the more goods and services produced for everyone. Someone has to dig the ditches, not everyone can be a millionaire and ride the market to infinity. I have basically been retired for 15 years, and I'm in my early 40s. I learned that business/hustle, and thinking of the next thing is what gets me personally excited about the future. I'd be miserable if I lived off a fixed income, without the potential of any growth.

[@dragonofparadise]

I am LEAN Fire outside the United States. I still want to work and I don't plan on stop working until I am old. But want to spend my time doing only MY WORK that I decide to do and enjoy. I want to travel and work and live in a paid of house in a low cost safe area.

[@YumDex]

I’m sure everyone is lean fire outside of the us 😂

[@Daegis88]

Love the ideas for FI from the FIRE movement. I doubt I’ll retire early - but won’t work crazy hours and enjoy the tips to build wealth quickly.

[@CoHzus]

Much love bro, hope u ar enjoying yourself and your life

[@pbm9cje2n]

Your videos add zero information to anything anymore. Go back to doing real estate, quietly

[@annddyyy-6920]

My advice to everyone is this : if you want to grow big this year especially in your finances. Be willing to make investments. Saving is great but investing puts you on a pedestal where you wouldnt have to worry about savings as you do now. Thanks to larysa Caba, my portolio is doing really great and im proud of the decisions i made last year.

[@fred5528]

I feel one Of the greatest challenges that we first timers face in the ma rket is that we end up losing all we have,making it difficult to find ourselves back to our feet. My biggest advice is to always seek the services of a professional just like I did when I ventured into it for the first time. Big thanks to Larysa Caba. I now make huge profits by weekly through her services while still learning to stand on my own.

[@leticiaenraz8514]

I think she trades for everyone I meet. I met her twice at a meeting in Germany and after her lectures from Ella I had to personally ask her to be my financial advisor. she is definitely good.

[@dominicleong4385]

I have never seen a trader as open and transparent as Larysa Caba with her clients. The way she decides to make a profit for her clients. she allows you to express your fears and she still rests your fears and that is my respect. I don't normally comment on videos, but this word should be included. she is really cool.

[@ivarlast2966]

I just looked up her name online. she is licensed with credible certificates and has an amazing track record. Thank you for the message.

[@jasperflontes4289]

Please can someone tell me more?

[@YesItsWitticus]

Hearing your analysis as a disabled dad with four kids (one with special needs). The idea of living at $1500 or less a month seems insane to me.

[@shekharmoona544]

Parabola Fire sounds cool. Texas instruments TI-84 CE plus Fire sounds cool.

[@TVHouseHistorian]

Oprah and Joel Osteen share one secret in common when it comes to building wealth: be super positive and tell people everything they want to hear, they will buy all your books and attend your seminars. Congratulations on getting hitched, *Fiola.* We your fans are elated for you!

[@mayusaekiflautist6315]

Great video. However I was more worried about Graham’s iced coffee was getting watery with melted ice 😂

[@tressalewis7004]

Saving money, empowers you!❤

[@blubb7711]

I’m 25 and I can’t wait to retire. I save as much as possible and live of free stuff from ebay.

[@xinchen]

I can’t bring myself to watch your videos after I lost money through blockfi

[@retiretosomething9868]

I understand the problem with going from saver to spender, but as with many other things, it depends on the person. I had no issue making the transition because I knew it was the plan all along. As with many things in life, knowing yourself and your why can improve successful decision making. I consider myself fortunate to know myself since I also know so many people struggle to know themselves.

[@Tomakri15]

Congrats on the getting married! I see the wedding ring 🎉

[@davidporter9553]

More money may not Make me happy, but it would make me feel better

[@milleniallgt9715]

You don’t need a lump some of money, you need passive income..

[@TheNurseInvestors]

If my investments can pay for my bills every month, I’ll be happy

[@coreyburke3493]

Well generally speaking the lump sum of money is invested and it provides income lol.

[@milleniallgt9715]

@@coreyburke3493 well yea but there’s ppl that only care about growth stocks that pay no dividends.. you have to sell to realize the profit and lose shares, where dividend stocks I get to keep increasing my shares while getting paid every month and never needing to sell anything unless it becomes a bad investment..

[@aprilvancleve9463]

Just getting started on my FI journey and the mountain before me looks so large. Its hard to find a comfortable path getting to the goal! Change is hard. I think we are on thr right track though. My why is strong, foundation is good, now itsnjust time to build.

[@IRLand713]

I think it's all based on personal preference and how one wants to live however, growing up in a poor household I know that there can be limitations to this but I am of the opinion that one can take steps to improve their situation from whatever starting point.

[@mark-old-man-golf]

It’s a great life skill to live on less than you make. FIRE gives you options.

[@bestechYtBotBH]

Hey, Graham have you seen any of Ramit's Netflix Series? I watched about half of it so far. It's awesome 😎

[@TheGrahamStephanShow]

Yeah! I’m about halfway through as well!

[@Kornheiser10]

Unfortunately for Graham and many in the FIRE movement who base the cash flow on real-estate fail to calculate the amount luck of this market cycle has allowed current success. Wait until a cycle or two and see whose left when the tide goes out. I bet Graham will wash and re-use disposable diapers if he has kids, but since the ROI is negative for kids, it's iffy if he'll have kids.

[@notNaB2024]

Eh, I'll take Ramit's advice and word over this dude any day.

[@X11CHASE]

Bet you can’t come up with one GOOD reason why

[@joeyhenderson1624]

12:50 so it’s a full truth 😭😭

[@Daveyjonesvi]

Accumulating money to just accumulate is not living. Experiencing food, travel, people and things is what life is about. Accumulation for the sake of accumulation is greed

[@carlyndolphin]

I have made $5M from accumulation, but I still work otherwise I get bored. Does that make me greedy? I drive a normal car and live in a modest neighbourhood.

[@joshwilson6473]

I haven’t really followed fire. But I actually don’t have to work full time. I make enough just in my high yield savings to cover my rent. I’m kinda in the partial fire stage. I will definitely work full time and invest as much as I can though. Plus I’m not ready to give up the company paying 80% of my health insurance.

[@ryanstevens2722]

When was the last time Graham bought a new shirt, new pants or new sneakers. I suspect he is a fan of Goodwill store clothes. Ratty old furniture he finds dumped on the road. A pure love of money just like Scrooge only he is younger and sort of good looking.

[@zanneizzo8113]

Wow! You have really misunderstood Graham. You must be new to his channel. He is energized by the challenge of making his money work for him. He is frugal/careful in how he spends his money to get the best return on investment. He bought a beautiful aquarium for the pure pleasure it brings him instead of buying a daily Starbucks that is soon gone with nothing to show for it. Contentment is a blessing in this consumer age.

[@ryanstevens2722]

@@zanneizzo8113 You so absolutely smart I must be a stupid

[@kaybeebiz]

I relate a lot to Graham because I’m a very frugal person but not buying trash bags is WILD 😂

[@92YK]

Wears a $20k Zenith El Primero that lost 20% of its value, talks about being frugal. Classic Graham 😂😂

[@Billionaireben]

I figured out my retirement. Income: the safest dividends in the 5-7% range spread for diversity and monthly payments. A blend of nasdaq100 and sp500 for growth. Worst case scenario insurance: farmland leased to farmers on the condition I get priority if there's a food shortage. Property with a closet full of bars of soap and a bag of silver dimes. A million in gold could buy a city block in Berlin during the Weimar republic, so that too. Once I've enjoyed the finer things in life (women and travel) then I'd go on a speaking tour encouraging those born rich to become polygamists to grow the wealthy population percentage and get all the smart women to marry rich guys. Finally, my wealth would either be left to my reincarnation (get those monks that find the next Dalai Lama) or give it to people who are like I was when I was 18.

[@ryanp8205]

Everyone’s values are different. “Die with Zero” by Bill Perkins is a great book to read for anyone interested in living a more fulfilled life. One thing from that book is the time value of money. Give $5,000 to an 18 year old and look how much enjoyment or value is added to their life. Give $5,000 to your Grandma. How much enjoyment does she get out of it? I really relate to Ramit on many things-like this, but to each their own! If you enjoy living life hyper-frugally, more power to you. Your time doesn’t come back and you’re not always guaranteed to be healthy. Not my cup of (iced) coffee 😊

[@JeremiahPeoples]

I’m after the barista FIRE. T- 5 years

[@unashamedly1776]

My version of FIRE: Retire at 43 with a $70k pension for life, plus all of my dividends (will be an additional ~$1500/month). Live simple, spend time with the wife and kids camping, hunting, fishing, and jiu jitsu.

[@DionTalkFinancialFreedom]

Financial independence no excuses.

[@BelleDividends]

I'm heavily into FI, but RE really is only an option, not a must. If I would stop my current job, my expenses would increase since I would replace my work activities with spending activities.

[@maxrohtbart6201]

I like the financial independence aspect of FIRE, but retiring early just seems boring. I like having something to do, and getting paid for it just makes it better.

[@FrugalFamilyFocus]

“Your Money or Your Life” is almost guaranteed to be free at your public library.

[@samandrew8158]

I'm not trying to retire early, I'm just trying to retire ever.

[@CaseyBurnsInvesting]

I’m not aiming at Financial Independence Retire Early. I’m aiming at Financial Independence Early. Much better.

[@MT-gi8wp]

studies have shown that using money to buy things does not give you long-term happiness unlike saving money, giving money, or buying time with money.

[@ajones8008]

All the Financial influencers just need to fist fight. Who's your money on?

[@Kornheiser10]

Like a Royal Rumble? Maybe a caged table, ladder, chairs match? I'm going with Bo from The Money Guy's. Young and athletic...I see him taking on the whole Ramsey financial team with one roundhouse.

[@ajones8008]

@@Kornheiser10 Meet Kevin vs. Andrei Jikh?

[@ajones8008]

@@Kornheiser10 Although I do see John Deloney as a scrapy fighter.

[@carlyndolphin]

My net worth is $5 million My house is $500,000 and the rest is invested in real estate, global ETF, gold and Bitcoin.

[@user-id7dh5jo5c]

Does your back hurt from patting yourself so hard?

[@carlyndolphin]

@@user-id7dh5jo5c you are jealous

[@harryatkins1373]

Graham, PLEASE can we have a video again around what you are earning now days and where your net worth is up to?

[@dustindodge5974]

I think Ramit has only spoken to FIRE people who just started and treat it like a FAD. Of all my FIRE friends, none are like he describes.

[@LifeWithRilla]

My version of fire is getting to 600k and moving to Thailand living on 2k a month. I don’t need much. I won’t stay in the USA… I would focus on KZbin & live my life.

[@rob-fb5xs]

I’d rather have regrets that I saved and invested loads of money than have regrets that that I yolo’d myself into debt that I’ll never get out of.

[@stevevandoom]

For gen-x , firot financial independence on time.

[@tweetspie06]

So what I'm gathering is Ramit doesn't believe in goal setting?

[@Glanzern]

Lol Graham doesn't know libraries exist. Didn't even suggest that for the book 😂😂

[@thenextfischer]

We get it all you money guru folks dont like the idea of the fire movement because it seemingly leads to such a modest way of life in early retirement. The point of it is not lavish living. Its the peace one gets knowing that finally you dont have a boss to answer to that controls your time and your life.

[@SquirrelBudgets]

The number needs to be allowed to change. In different life stages we need different amounts to live on, sometimes for short periods and sometimes for decades. If someone is single on a certain lifestyle, that has a number, being married has another and adding children changes everything. Plus in my case I was hit in a huge % of inflation (official government figure was 16.6%-which is a lie). So yes, I do feel FIRE number is a bit pie in the sky. I decided to go for passive income instead, because that is life altering. I'm trying to equate the passive income to my corporate income now.

[@elizabeths.3634]

This one I actually watched the original video. Looking forward to seeing your reaction to it.

[@TheGrahamStephanShow]

Thanks!

[@Kornheiser10]

FI isn't FIRE. Graham is confusing the two. FI is great, FIRE is a crap-shoot.

[@scottwilliams7395]

I’m not sure they are comparing their spending habits saving for retirement vs actually being retired. I guess it depends on how well you stick to an actual budget. If you have the budget for it, why would you be afraid to spend it unless you don’t trust the numbers or investments?

[@angelapate328]

Coast fire sounds cool, also 😎

[@sasukesuite1]

"If you're miserable now, you're going to be miserable with money" Explain to me how I'm going to be miserable in my Model S Plaid that can gap a Bugatti? I'll wait.

[@ilikestuff8218]

just because it can't be explained doesn't mean it's not true. whether you like it or not, there are still rich people depressed enough to kill themselves.

[@coreyburke3493]

Well.... You could be lonely, you could have depression, you could constantly be wondering if people only like you because of your super car collection.....

[@X11CHASE]

Because you’ll get used to it, and you’ll realize that there are still tons of reasons to be upset that you can’t buy your way out of

[@steveguillory7568]

Because you’ll drop $120k on it and then see lightly used ones going for $50k on cars and bids.

[@salaheddine1403]

have you ever shared your actual portfolio graham?

[@Devinn504]

You should make a video about problems with youtubers like yourself promoting scams to their subs.

[@fuz4623]

Two things. DOUBLE TAP? What kind of book is that? Manual for assassins? From that early video, you’ve grown more handsome with age. As someone said, men age like Sean Connery; women age like Sean Connery.

[@glitterstarbeau]

Yes!

[@glitterstarbeau]

Never mind. Get him on the Iced Coffee Hour

[@danielj3010]

Nice new camera bro

[@TheGrahamStephanShow]

Thanks! Better?

[@danielj3010]

@@TheGrahamStephanShow si

[@joshualawrence337]

Insert Mr. Crabs clip at 12:50, 😊.

[@rainey82]

It was helpful to get your insights on some of these popular trends and gimmicks. I hope to see more like this in the future.

[@louisianabeast]

Hey hope you been well. I found some property I'm really interested in. I was wondering if maybe I could get that call to possibly talk it over with you?

[@TheGrahamStephanShow]

Yes absolutely! Send me an email at my yahoo address, do you have it?