#525 - What Is the FIRE Movement?
Have you heard of the FIRE movement? It’s become increasingly popular in the past few years. Even if you are technically too old to retire early, there is something we can all learn from FIRE seekers.
In this episode, Kevin Sebesta, a real live FIREer joins me to discuss what FIRE is, how he achieved it, and what people who retire early do with their time.
Make sure to stick around for the Bring It On segment with Dr. Bobby Dubois to learn whether supplements are worth the time and money we spend on them. Dr. Bobby helps us develop a framework for deciding whether supplements are right for us.
What is FIRE?
FIRE = financial independence, retire early. People who choose the FIRE lifestyle are often known for saving large portions of their income, however not everyone goes to such extremes.
The core principle of FIRE is achieving financial independence so they can have money set aside to live on in the present and the future.
I recently got to spend time with many people from the FIRE movement and was surprised by the variety of people drawn to this choice. Listen in to discover what you can learn from those who sacrificed their income to achieve financial freedom faster.
OUTLINE OF THIS EPISODE OF THE RETIREMENT ANSWER MAN
WHAT I READ IN JANUARY
[2:02] Books I read last month
PRACTICAL PLANNING SEGMENT
[5:55] Meet Kevin
[9:56] Defining FIRE
[15:24] Who enjoys FIRE
[21:23] Why FIRE has caught on
BRING IT ON WITH DR. BOBBY DUBOIS
[26:12] Why are supplements important?
[30:54] How should we go about exploring supplements?
[39:44] What do the studies show?
[44:18] What about multivitamin supplements?
[48:20] What supplements does Dr. Bobby support?
[52:10] The takeaways
TODAY’S SMART SPRINT SEGMENT
[53:58] Read a book!
Resources Mentioned In This Episode
BOOK - Scarcity Brain by Michael Easter
BOOK - Moby Dick by Herman Melville
BOOK - The Eye of the World by Robert Jordan
Roger’s YouTube Channel - Roger That
BOOK - Rock Retirement by Roger Whitney
Roger’s Retirement Learning Center