@k5sss
“enduring unenjoyable but high-paying work” isn’t limited to FIRE, though. Many people endure the same to support overconsumption while on the hedonic treadmill, with nothing to show for it. I’m doing the same job as before, so I’ve simply reprioritized what I do with my income. And, oddly, that job has become less miserable now that I am on track to retire from it 10 years earlier.
@TheEternalVortex42
FIRE is more about the FI than the RE. If you like to work, then being FI can let you focus on finding a job you like the most rather than one that pays the most.
@frankb1
Around age 55, I realized that I had adequate resources to retire. Knowing that changed my attitude towards work and I actually started enjoying work more. I retired at 61, but then four months later went back to work full time. At 64 I fully retired.
@SntYvsLrnt
Moral of the story is a lot of controversy stems from people making things their entire identity. We can't never have a productive conservation if people think they're personally being attacked. "This isn't about you bro. We're talking about xyz"
@johnfechner3159
Speaking for myself, my wife and I chose homeownership had nothing to do with finances. Rather, owning a home allows us to create a space for our family the way we envision. It’s that simple.
@IAmebAdger
The Renting vs Owing typo is either really fortunate or intentional XD
@AndreyMarsov
Unfortunately, not all of us were financially literate early. I was 42 when I finally educated myself and started taking steps. I went from $37,000 in debt with zero savings or retirement to now, 2 years later, fully debt-free and over $450,000 net worth a . I know that doesn't SOUND like a lot, but I'm incredibly proud of it. Now I'm fast-tracking my wealth building (investing $150,000 annually) and don't owe a dime to anyone. It's a good feeling!
@sprintmiles
"Knowing what's important to you and being intentional about your objectives is important" - well said!
@ChrisM-qo1jc
Ben's hair has compounded interest and looks amazing!!
@Argcz
I wish there was a Mr Money Mustache interview on Rational Reminder. I don't find FIRE controversial. I find it a breath of fresh air in a world where over-consumption is the default. There is plenty of people around me who make a ton of money and are broke. Work might be making you happy right now, but maybe it won't last forever. Or you might get sick, or someone around you might get sick. I work as software engineer. I can tell you that i don't like it as much as i did 10 years ago. I sure am happy that i lived frugally and learned to do things on my own instead of paying people to do them. I'm glad that Ben gets to do what he loves. I know for sure that is an exception and not the rule. In total though, i think the FIRE movement have done FAR MORE good than bad.
@Velleos
The calculation also changes greatly based on where you live. Where I live, the average home price is closer to $250,000 instead of $1,000,000. And the average rent is still well over $1,000 per month, and goes up 10% every year. So owning makes sense for me. If my home cost $1M, and our property taxes were more than .5%, I'd never consider buying a home. That's the danger in taking general advice and applying it without critical thought.
@FelipeM741
Guys please report the bots 🙏 As a rule of thumb if they write a money figure (like $1K, $2K etc) or recommend a "financial advisor" it's probably a scam.
@1boi593
The quality of your videos is so good.
@burtbakerack1110
I can’t afford to buy a house anyway...but, renting makes more financial sense for me, a lifelong bachelor, because I’m willing to rent a way smaller place than I’d ever want to own. I have no problem living in a studio, I’d only ever want to own a single family home. The difference in cost is substantial.
@Updog89
Did a rent vs buy calculator and for us it was only slightly advantageous to buy— the main reasons we did it was to be able to stay put in good school district and not have to be at the mercy of a landlord’s whims.
@likemy
When considering renting vs buying a home, it's helpful to see renting as paying extra for the ability to (cheaply) walk away. That is crucial when you are young or unfamiliar with a neighborhood. The costs to sell a home, buy a new one, and to move are enormous.
@aredobleyoum1562
Controversial topic: living debt free early (aggressively paying down debt) vs investing that difference. I know I made the wrong financial mathematical choice paying off all debt but I’d do it again for piece of mind.
@hicoop
Watching these videos feels like a cheat code- instead of watching some random YouTuber I am getting advise from a real investment officer basically for free
@WisdomOfTheAged
I thank Gordon Pape for opening my mind to the idea that renting could give similar financial outcomes way back when I was 16 before the "you must own" idea was firmly implanted in my brain. Learning it young made the rest of my life so much more flexible when making housing decisions.
@25andinvested