The FIRE movement has become incredibly popular - FIRE stands for Financial Independence, Retire Early.

The idea is that you can follow a method that will let you save up enough money to be able to retire in your 40s or even 30s and never have to work again.

Sounds great, right?

In this video I will give you 5 very specific reasons why I don't like the FIRE movement and why I don't follow it.

For me each one of these reasons is a deal breaker and shows how the whole Financial Independence, Retire Early concept is pretty weak.

I am actually a huge proponent of Financial Independence.

I have followed my own route to Financial Independence and this whole channel is really all about gaining financial freedom.

But I don't subscribe to a fixed dogma that says there is one way to do it and the only alternative is to slave in a job you hate for 50 years.

I think people often oversimplify the concept of financial independence and ignore the issues I am talking about in this video.

CHAPTERS
Introduction - 00:00
FIRE only works for rich people - 01:32
Trading youth for old age - 03:55
Focus on savings and costs - 05:04
The 4% Rule - 06:19
Cap on upside, unlimited downside - 08:41

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DISCLAIMER: I am not a financial advisor and this is not a financial advice channel. All information is provided strictly for educational purposes. It does not take into account anybody's specific circumstances or situation. If you are making investment or other financial management decisions and require advice, please consult a suitably qualified licensed professional.

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