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I am a 29 year old software engineer, my plan to fire is just continue writing code and software, but changing the motivation. No longer will I write code for money, instead I will work on projects or open source things that I am genuinely interested in. This is one of the biggest advantages to FIRE. If you can keep "working" but working for yourself, instead of working for some other persons goals/visions.
Hahaha I did that exact thing 21 years ago at 45. I started in software at 26 and worked in startup (before they were called startups). I worked in about 10 different startups. None hit big, but good salary, some bonuses and a little stock did OK. But wow was it ever fun. I started creating video games (Atari 2600) and then computer UI (Atari ST, Apple IIGS) and then I basically went from company to company fixing problem projects. When I retired I worked on theory type software that had no economic purpose. Got into gardening and fish ponds and played basketball several hours a day with a neighbor (who should have been working). A cool thing happened that I was not expecting... When working I had to invent products that could earn a lot. Companies eat a lot of cash so you're limited to only big earning products. When retired suddenly the number of possible interesting things to invent were endless. No limit in required profit or time or risk. If an idea failed after 2 years, no problem. The cool thing is there's actually a huge market for niche software. Stuff a small company wants but could never justify the cost to develop. So I could do little things that made money without the need to actually make money. That's a lot of fun. And those little things can pile up. Like I made some film editing effects for a guy who bundled them and sold them and my royalty ranged from $100 to $4000/mo, about $5000/yr average and continued for about 3 years. Not bad for 6 weeks work that I enjoyed. Those things start to pile up. Each one isn't any kind of level you could retire on, but after you have 10, 20 of these in various life cycles, it's like money for nothing. I didn't NOT actually do 10-20 of these, just a few. But I could see the option. I didn't because there are other things more interesting to me. Same with slow flipping houses. Fun to work on a house when there's no deadline, no start time. And they pay you a lot. Plus the cap gain is tax free ($250-500k limit). So my reported income is $0. So I got Medicaid (love it), free smartphone (LifeLine) and now free home internet (ACP). Plus never have to even file Fed or State forms. Don't discount Social Security. I assumed SS wouldn't be around or I'd get nothing because I retired early. Shocked me how much I'll get. Today it'd be $2800/mo, $3600 at 70. COLA is a very sweet deal. I don't understand way but suspect the earlier you max out contribution the more effect of COLA compounding. I never had any IRA, etc... I didn't see the point. Retiring at 45 that's 20 more years before I can tap into those. Plus I don't enjoy financial stuff. Better to focus on making money for me. Don't get married!!!!! Biggest risk to FIRE!!!! I was married 2 times...wish I never had. I came out fine, but marriage is sooooo limiting. And there's no upside I could see. Instead focus on work and having fun. Now I'm planning a move to SE Asia. Now I can find a great young attractive wife and have some kids if I want (not 100% sure, but maybe). I have a lot more control there. OMG it's been an absolute blast with only a few potholes. Oh, BTW, my total spend for the past 10 years or so has been $600/mo. Own my house, self-insure the house, medical, smartphone, internet, 100% provided. Today I could get $2800/mo SS and $2000/mo renting part of my house (1/1 apartment for me) and I can do a reverse mortgage to get $223k line of credit I may never have to pay back. If I wait until 70 to take SS my total monthly income could be about $6600/mo. For a dude spending $600/mo WTF am I going to do with $6600? Crazy. Moving to SE Asia will be a much higher spend rate of course, but still, kind of a lot for me.
As Mr Money Mustache himself once said "work is better when you don't need the money" Very true. Us humans need some sort of productive work to be well I believe. That could be coding in your case or fixing up my boat in mine. Either way you are occupied and feel a sense of accomplishment afterwards. Makes you feel useful.
I would think the lack of structure / purpose could be huge for some. Some people who retire at a normal age really struggle with this. So I think it's really important to understand why you want FIRE and what you will do once you retire early. Some people may not actually want FIRE, they may want FIWL (Financial Independence; Work Less) where they keep their skills active and maintain those social relationships from work by working 10 hours a week etc.
I think many who achieve FIRE actually still work. It may not be working for someone else, but they are consistently doing things to make money. At least, that's been my experience and it certainly seems to be Amon and Christina's situation. The two of them are working on real estate deals, investing, selling these courses, etc., etc. I don't think the hustle ever dies. It's just that you're not working for "the man," per se. I think Amon and Christina provide a great example. But, everyone's journey will surely be different.
Actually I work with a guy who retired early but came back to work. When I asked him why he came back to work, he said after a few years of early retirement he was experiencing this lack of structure in his life and all his friend were still working, hence he decided to come back to work.
Few people have different ideas of FIRE. I would be more FIWL logic. I think most see it as retirement from your main job and doing a job that's more about enjoyment and maximising your experiences then money being the main motivation
I feel that something is wrong if a person feels that working is a solution to boredom or working is their only sense of purpose on earth. Working is a part of your life, it should not be your life. There is way too much to do and see in this world and in the country you live in to tell me you are so bored that you have to go back to work. That's an economic decision, not a boredom decision.
Another dark truth, especially for singles, is loneliness. Your former work colleagues, family and friends are probably still working so they can't meet up or travel as much as you can. Plus you might have less in common once you retire and your lifestyle changes. You have to find activities, hobbies and projects to keep busy on your own. And you have to be more proactive about reaching out to make new friends.
Depends. For introverts, being alone isn't necessary lonely. They recharge that way. The big difference between introverts and extroverts is that they really need lonetime in order to recharge energy, which unfortunately can be depleted if not getting enough of it. Extroverts on the other hand charge they batteries while hanging out with people, socializing.
I reached fire and indeed it is true. I was available so much that I had too much time to “coach” my kids (drove my kids crazy almost, because everything I do I do serious as a business) and some days I just slept away or the thing to do was figuring out where I was going to eat. Conversation with normal people was difficult because they were always busy with something and I just relaxed every day, which felt awkward to say. At a certain point I started buying up houses that were in bad shape for renovation and renting them out to have something to do again. I must say I enjoy it … working because I want to.
I think the drastic change from working 40 -50 hours week to no work is scary for a lot of people. Don't be afraid to cut your work schedule down to 20 hours a week just to get a feel of it and just keep adjusting the amount until you are ready to go full FIRE.
@@VNAV_PTH if you hit your FIRE goal, a part time job doing anything along with what you were planning to spend during your early retirement would be more than enough. If your employer doesn't want to help you reach your goal than it's probably best to seek out another employer.
This. I don't understand going from 100 to 0. I'm trying to get to coast FI as soon as I can, and then work part time from there. Wouldn't shock me if I worked part time for 10, 15, maybe even 20 years if I enjoy it. Something that allows me to travel a lot and be flexible with my schedule. Obviously a part time job with health insurance would be nice since HI is one of the biggest worries I have about retiring early. But those are hard to find and I'm not working at Starbucks! Even better would be to find a way to work for myself which would give me the ultimate schedule flexibility. Obvious downside is potential cost of HI like I just mentioned. Not only does this still give you a better purpose in life if you are working on something you enjoy / passionate about, but it also bridges the financial gap. You don't have to go straight into pulling out a full retirement withdrawal. You could try to pull none, or just very little like 2-3% and still grow your portfolio and outpace inflation.
We retired the first time at 30. Spent a lot of our time in Hawaii with older folks who had retired. There were no people in our age group to hang out with during the day. We didn’t have kids then but once we did , we worked part time. Best of both worlds.
After running my own business for 32 years, which was my whole identity, retirement has been really hard. I have become home bound and so bored. And suddenly I have health concerns after being a ball of fire. Learning to do less without feeling guilty is a daily challenge.
OMG, you poor thing! Find some hobbies and activities to do with other retirees. Many retirees sit around all day, bored, doing very little, while others find group actives and other individual activities, and keep them self more then busy, to the point they are overwhelmed, and have to slow down a bit. If you want to feel relevant again, volunteer for an organization, and even volunteer to help with leadership, since that’s your forte.
Is this an American thing? I feel guilty just asking for a normal bit of vacation time in a year. But it seems like in other countries they expect time off as normal. But if you have a lot of time, the guilt can be motivating to fill your time with something. God put you on this earth for a reason.
I was hit by the travel expectations a lot more than I thought I would. Yes, I do enjoy travelling and do it more frequently than most people, but not all the time. It's nice to have a home to come back to and relax just as much as it is nice to go on a new adventure. I enjoy more balance of the two than what I originally thought I would.
You need to do something to change this. Serious Sunday gloom is a sign that you are miserable in your work life. I've experienced it, and it's no way to live.
Start a business. Work with other businesses and start local. If you have the means (time/ resources) available. I plan to farm until I die.. happily and fulfilled. ❤
Life is full of goals and every one has different ones. Life is filled with value by making and achieving targets. Some are easier than others. I'm working towards FIRE and maybe in a few years it will be a reality for me.
A little nervous about getting closer to FIRE. Unknown territory! Nervously excited. Thanks for walking us through it. I love and look forward to my Sundays; spending more time with my family and friends…and visiting friends in Portugal. 😊 I’m not going to sit around and can’t wait for my son to be off and flying. Heehee.
My husband retired this year. First year was boredom getting to him. He is doing some work around the house, upgrading the ac, redid the backyard and unto the porch.🤣. He even did some finishing touches in the basement. Because he is bored. His friends are still working and there is only so much you can visit family. We have decided that we are going to start traveling at the end of the year. Hopefully that should help a bit. I was worried about him becoming depressed. I am glad he has something to look forward to at the end of the year. The good thing for us is that we are still be able to buy health insurance thru his union. But we have to get our own dental. Got my six month cleaning yesterday for $150. Will have to start looking for a dental plan soon. There is alot of adjustments to be had and mental stress is a big issue.
Grrr how cringe, why are spending for dental in the US. They are such a scam, a cleaning for a dental is $15 in other countries. Plus, save your major work, don’t do it here, they charge way more and their work is lackluster.
Spending more time together, that one will definitely slip through a lot of people's minds. Thanks for sharing your insight. Another thing to consider is inflation, we have seen the prices of goods increase significantly in the last 12 months.
It's important to have a realistic understanding of what it takes to achieve financial independence and to consider the impact it may have on our lives and relationships.
Great video! Have you thought about homeschooling? Our family homeschooled and were able to do school while traveling. We had a blast. I so appreciate you as a couple. I've learned a ton from you!
Actually, we have friends who homeschool also and they have quite a bit more flexibility for travel. But, we have basketball games and practice that keeps us here as well!
Just to add, travel is great but eventually age catches up. Those overnight flights sitting up and getting off planes down long stairways aren't as enjoyable as they were when I was 20!
I retired at 39..thank God! But i gad the same anxiety and took a job when thebmarket dipped. But now I feel better, i now know how to take th dip in market to my advantage.
Thank you for mentioning long term care; it's not something people think about enough (FIRE or not). I work in a hospital and my job assists in discharge planning and placement. We have too many patients who have lived alone but are no longer able to physically stay in their residence, or are not safe to be alone anymore; many don't have any contingency plan for these situations, especially when family is not able/does not want to take them in to care for them. Senior living apartments, assisted living facilities, long term acute care (LTACs) are all VERY expensive, most cannot afford these options out of pocket, and medicaid as well as private insurances typically won't cover an LTAC (no insurances cover a senior apartment or assisted living facilities).
Thanks for the content. I travel a lot for work and take extended vacations to travel. Travel gets old faster than people realize. After a few months we want to go home and settle down. So even a busy travel retirement schedule of a year to travel the world or a month or two per year, you’re going to be home a lot. The best advice I’ve gotten is to retire to something, not away from something.
My biggest regret is that I didn't retire earlier before F.I. Compounding would have hit my FI goals anyway. If you don't know what to do and you keep working...you just don't have enough imagination.🤣
What is the point of saying I retired early but I don’t have enough money to do what I want such as travel?? This is just stupid retirement and anybody can do it if you just stop working and stay home watching TV. You are now time rich but money poor! That is NOT early retirement this is a disaster!!
I disagree. For some people it's simply getting out of the rat race. Also, not everyone values traveling that much. Your judging people based on YOUR values.
Although I was not able to retire early, I am trying to help my son to take the right shots towards financial independence as early in his life as possible. Surprisingly, this clip explains some of the concerns that he has shared with me while walking the path! You folks are right on!😊 I’m positive that he’ll find this content very close to his heart; and perhaps relax a bit😅
I dont understand. I thought fire was to be truly free, but no. You are still beholden to the banks and you just changed your jobs into landlords and assumed the risks for all those properties.
My husband and I retired early in November 2021 in South America. We definitely miss calculated our cost for building a house here, with inflation, the materials doubled or even tripled. We did run out of savings to build the house half way there, we spent our emergency fund to try to finish the house, and the house is still not finished! We had to start selling stocks at a lost last January to finish it. We are no longer FI, so we got remote jobs. But even though it didn't work for us, it helped us to get off the corporate life that didn't allow us enjoy our family the way we are enjoying them now. In addition, we work in our own schedule and love it. We can't wait to finish building our house, and start saving again to replenish our emergency fund and investments. But we will not stop working remotely since we love it.
My concern about retiring early would be others' expectations. It's a very outward sign of one's financial situation. If people think of you as "rich," they often treat you differently. I suspect one expectation might be that we'd physically and financially take care of aging parents. FIL has hinted at this before. Don't get me wrong, I do want to help... But not to the extent it consumes our lives/resources. I like Whiteboard Finance's idea of "stealth wealth." Maybe we can secretly retire 😂
Retirement for me will be being able to own my own time. It does not mean I stop working and do nothing. I want to still be able to go to work and do something that I enjoy.
Thanks for sharing the dark truths and giving us a more balanced perspective. 🧐 It's so important to weigh the pros and cons before committing to any financial strategy. Keep up the fantastic work, and I'm looking forward to your insightful content! 👍
Very good upload. Please consider addressing long-term care and estate planning while abroad. Do you have to deal with probate? I will do some homework of my own wrt trusts and wills outside of the U.S.A. However, I believe the information coming from you two will be beneficial.
3 years in FIRE, the hardest part for us was finding meaningful relationships. We felt like visitors everywhere or worse, viewed as tourists. I wouldn't give up FIRE, but there's no perfect life!
I don't understand why people is so anxious about retiring early. There is no big difference from retiring at the age society think you should retire, be it 65 or whatever. Same song, different tune. From one day to another, you don’t go to work anymore.
I honestly find working gradually less and better, much healthier than totally retire. Try and shape a healthier and age-wise working environment, this can be beneficial for everyone.
I've been watching your videos for over 2 years and never made a comment or asked a question, but... How is your Portuguese? How about the girls? We are planning to retire to Spain next year and I speak pretty fluent "Mexican" Spanish, and my wife can function fairly well in Spanish. Our kids are older and won't be moving but speak Spanish fairly well. I've never heard you mention how important you think it is to communicate in the local language. I think it would be very valuable.
This is such a dangerous "movement." People don't realize that the earlier you retire the more of a nest egg you will need to retire. Only you know how much money you'll need based on your liabilities, but if you need 2 mil to retire at 65, with 4% of this generating $80k/year of income in the 1st year, then, due to inflation, you will need about a 4 million dollar nest egg to retire at 45 with a reasonable degree of safety. People are being convinced it's a good idea to retire when they're young, and since the time value of money is the most critical element of saving, when you're young is when you should be plowing as much money into savings as possible so by the time you're older that money has been left alone to grow geometrically. Nobody likes the idea of early retirement more than me, and if by early retirement you mean 55 that could be reasonable for some. Retiring at 45 or younger however flies in the face of pragmatism unless your definition of "retirement" is understanding that you will need to work enough so that you aren't drawing from your nest egg. My most basic definition of being retired is that you work only if you want to rather than because you have to, and the overwhelming majority attempting FIRE will fail to meet that definition. Further, if you're working just enough to pay the bills and not drawing from your nest egg, then you don't have the money to live life to its fullest while you're young. That is the goal of FIRE folks right? Using the above example, do you need that 4 mil @ 45 if you aren't planning to touch it until 65? No. If you saved just 500k by 45 and didn't save another penny it should, based on historical averages, be worth about 2 mil by the time you're 65. That said, 2 mil likely won't be worth nearly as much in 20 years due to inflation. So, maybe a mil by 45 is the safe play. Again however, even if you don't contribute anything more from this point forward to your retirement you cannot withdraw from it. You need to be doing something to generate sufficient income to support your lifestyle over that 20 year period. I'm concerned that this movement is going to create a great many flat broke 60 year olds. If you realize your mistake of failing to appreciate the time value of money at 50 years of age...well I'm sorry to say that time isn't something you can get back. If I have one good thing to say about FIRE, at least it is inspiring the youth to think about money when historically people have failed to give it much consideration until it's far too late. That said, I would urge independent thinking and research rather than deciding to retire at 30 or 40 simply because the interwebs said words about it, and that just sounds awesome.
I was thinking about this the other day. Like when it is time did i do enough investing to actually retire? But I feel ill know when the time is right. I've also always wondered about the family thing. My marriage just recently ended(its a good thing I'll leave it at that) I actually had a party to celebrate a new beggining. In fact I want to do a party every two years to celebrate life, achievements, and the people who make it great. This party was called Return of the King. In two years we the sequel will be called "Return of the King 2: The Emperor Strikes Back" Thank you for making this video. It's always good to talk about the good, the bad, and the ugly(though there isn't much ugly about retiring early). We've never met but thank you guys for your videos which have in turn helped make my life great
I started investing in the stock market because of dividends. What matters, in my opinion, is that if you invest and earn more money in addition to dividends, you will be able to live off of dividends without selling. It implies that you can pass that on to your children, giving them a head start in life. I've invested over $600k in dividend stocks over the years; I continue to buy more today and will continue to do so until the price lowers even further.
Given these people’s age they are still fit enough to go work just for the joy of it. Working through choice is a different experience and you don’t feel the pressure as you know as soon as the joy goes you are able to walk away.
Sunday? What's that? 🤣 I retired from the US Air Force at 41 in 2021. I returned home to live in Jamaica. I can barely keep up with what day of the week it is. I'm actually saving and investing more now that my life is much simpler. Glad you brought up travel...I thought I was going to be traveling all over the world and living in different countries. However, there's so much to do and see here in Jamaica, I've been very happy exploring the island. I guess when I've seen everything here, I'll start checking out other countries. Based on the dark sides you both just shared, FIRE is still winning by a landslide. Those dark sides can all be fixed by making some minor adjustments. Great video, ya'll!
I had that conversation with a couple of friends who retired. So, to get out the type of psychology needed to ensure (increase chances) for a happy retirement that is coming soon for us.
Good points, I feel a lot of those. I did feel i neee lots of space when my husband and i were at home after early retirement. I got my office space and he.goes to gym to creat some distance.
I retired 6 years ago. We suvive on rental income, a micro loan business 1hr daily, and a financial book keeping my wife did 3hrs daily. The dark sides we experiance, 1. friends & family borrows money from us & they cant pay back. 2. Family members thinks we can unlimited support & help their lives. 3. Actually lesser traveling then when i was fully working. 4. Have to keep good spending record even more cause we are building towards a old age fund. 5. Weekends Family members leave their kids with us. Thats extra spending and no personal time. Plus we have to come out all sorts of method to teach these kids. 6. Lost more friends then ever cause financial and time difference. 7. More time = more adjustment between me and wife. Hope this helps.
Fire financial independence and retire early wrong why??. Financial independents means the ability to choose, it's your choice, either to continue to work or retire early. To stop working full time and work part time, to work at something you are interested in rather than how much money you earn doing a job you possibly dislike. To volunteer and work for enjoyment, the pleasure of being able to give something back to those who are less fortunate. The key words are FINANCIAL INDEPENDENCE, once achieved you gain independence, that gives you the ability to make personal choices in life, rather than other people or circumstances dictating the life you will lead. Early retirement is a minor benefit, as it will be your choice when you decide to retire, the decision will be yours not someone else's neither will it be by age.
I have to laugh when you say you’re not traveling enough yet. I’m like, I can’t even get to Walmart with my 5.5 year old. I mean, that’s better now, but I want traveled much since she was born as I’m a single mom by choice and I have vertigo trouble if I don’t sleep. But I did travel a lot before her and I’ll say that I actually got sick of travel! I know it’s a shock, but I find travel is special if it’s in moderation. If you only travel, it’s not the same. And I also like to travel with a purpose - not just for the sake of it. But that’s me.
I’m retired and most of my friends are still working so not as available as me. I’m in between homes so I’m going to try Slow Travel for a few months. I going to visit different cities in the US and stay in an Airbnb for a month to enjoy the city. I’m going to invite my friends and family to come visit me for a vacation and I hope they’re going to show up.
Thanks for sharing these insights! The not traveling as much as you thought is so helpful for me to keep proper perspective around the lifestyle we envision. I would have totally been in the same position as you all.
You had to leave America. I do like Portugal, but that seems like a pretty major downside. I could cash out of my home in a HCOL US city today and retire to a cheaper country today but it wouldn't be worth it. Your children will grow up as outsider expats.
I think they key here is they and many like myself want to, not have too. The kids I meet tend to be more well rounded and open to things beyond their bubble.
I respect any one on a journey to live their most full life. For me, I'm most interested in the F.I. part of F.I.R.E so I can DO the WORK that I most enjoy doing. It's all about options OPTIONS OPTIONS! I'm really buying my own time back.
My wife and i would like to decide how much we work and if we need a break. Financially it doesnt make a difference. Retirement means choice of hours not no work I have a ton of time consuming hobbies and look forward to being able to retire around 55 when my kids are off to university
What's your definition of retirement - quitting your corporate or government jobs? Do you consider having side hustles after retiring bringing you out of retirement?
I’m currently retired, and considering the current rollercoaster nature of the stock market, I decided to stay on the sideline for awhile, now I’m worried with the numerous bank failures as of late, am I better off reinvesting my savings in the stock market or do I wait?
I'm 54. Been financially free since 43. If you were a high fiver and socially high during high school, you might not be a good candidate for fire? I hated being institutionalized at public schools and corporations. i would despise prison too! Fire was a natural draw.
Reached FIRE. Went around the world. My son took a gap year to join our travels for a year. Then he decided to stay at home with us. So now I'm considering to take a job that travels so I can get out of the house once in a while . . . 😅
Good summary of what to expect! 25 years ago, I retired at the age of 50. I thought I had considered everything and budgeted conservatively. I didn't need to touch my nest egg until I had been retired 17 years, after enduring overwhelming out-of-pocket medical costs caring for three elderly family members and myself - including in-home support services. I wish I knew everything you presented in this video 25 years ago.
If you retired 25 years ago at the age of 50, you're 75 now? I'd love some advice if you don't mind! I'm 16 and seeing what's expected for my generation and I's lives are ridiculous with massive homes, new cars, 9-5s, and an overall dependence on the banks and our employers living paycheck to paycheck. I'm curious when you started your path towards FIRE? I've seen a lot of adults and teenagers fall into the trap of trying to impress others with "stuff" (new cars, new houses, new clothes, etc) did this happen to you? If you're interested, my current plan is as follows. I'm heading into remote (work-at-home) Video Game Development with my girlfriend I've known for roughly 5 years. We both have very few concerns about our relationship and see its emotional & financial value. Any concerns or issues we're able to quickly resolve, unlike some adults which is concerning. We're planning on living in a skoolie (a school bus that's been converted to an RV, can cost as low as $12,000 more likely $25,000) and I'm confident we're able to cut cost of living as low as $15,000, maybe even $10,000 or, much less likely, as low as $5,000. Mostly by living on public land and cutting water, electrical, and food costs (using less water & electricity, making our own electricity, having a garden, avoiding eating out). I'd love to hear about your journey and as someone young heading into the world, advice and criticism!
@@nunuvyurbiz123 ...thankfully my mother and step-father do not need financial help. But if they did, there are 6 of us who can all share financially of helping out. My mother said we have the best situation where the children do not need to help the parents and the parents do not need to help the children any longer.
Retirement means different things for different people, I plan on retiring next year at 62, but I still plan on working a part-time job, not the corporate job I currently work, plus I have a side business I plan on expanding on. Just have to watch how much I make.
From Oz, in my 60's, single, still working and generally had a good life with family, friends, travel and adventure. Six years back I took nearly a year off and cycled toured in Asia, Cuba, USA and Canada and that trip was one of the highlights of my life. Would struggle do the same now though being older, less fit and motivated.
Nice video! You are right, everyone talks about only the positive side of early retirement and overlook the dark side. It would be really helpful if you can make a video on health insurance for early retirees . Costs and other things to consider relating to health insurance. Thank you!
You said you worked for the government for 17 years. Pls I would like to ask what job position you worked and if 17 years is the minimum time to retire early ? We’re you a financier for the federal government ?
I’ve been working and paying into Social Security for over 40 years, and there’s no way I’m waiting any longer to take it. I’m grabbing it early-might as well take the sure thing. At this point, I’m all about investing in myself and putting money into the market. Over the years, I’ve learned that building real wealth comes from making smart investments.
I just want FI and take my chances from there. I'll never sympathize with those who have FI and complain about boredom, lack of purpose, or whatever. Go find some. The point is, you have FI, which is what matters. You are better off than 99% of people your age. Listen to stories of those still working, struggling paycheck to paycheck, to get true anxiety and struggle. And FWIW, great video. I wasn't referring to you guys! Obviously this video is just a warning to make sure people understand. But I have heard many say they lose purpose or are bored in FIRE. They are doing it wrong if so. You should realistically find MORE PURPOSE as now you can pick and choose exactly how you spend your time rather than be tied down to the corporate world. Be it with family, or side gigs you enjoy, volunteering, hobbies, etc. You pick and choose exactly how your day / week plays out.
Correct me if I'm wrong, but if you make any taxable income and are still a US citizen, don't you still pay taxes to the US? Even if you live in a different country?
