Doug and Carl talk about the bad parts of the FIRE movement.
- Cheap people
- Dogmatic approaches
- How the mainstream media writes about FIRE
- Lack of nuance (must we discuss the fv^%ing 4% Rule again?)
- It’s OK to work
From the listeners
- Living off $40,000/year isn’t realistic
- Credit card hacking isn’t for everyone
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**Disclaimer: The podcast is for informational purposes. Maybe entertainment but we won’t even make such a claim. You shouldn’t take the info as financial, legal, or tax advice. We aren’t certified financial planners or advisors. We’re not qualified for much. So get advice from professionals.**
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4:30 Mr. Mustache HQ – What’s new?
7:50 Doug’s health updates 10:38
How you can support us
14:25 Carl’s number one issue with FIRE
22:31 Applying a dogmatic approach to FI
28:00 Is having a job necessarily bad?
36:20 Paying attention to details
39:04 Portrayal of FIRE in the media
43:20 The 4% rule (again)
50:30 Annoying things FI people do
59:04 Can you live on 400k a year?
1:01:09 Credit card rewards
1:02:50 Teaching teenagers a FIRE mindset
1:04:26 Shifting into decumulation
1:07:26 The ”Spending is bad” mindset