The pandemic has brought on a reckoning
Most individuals, at one level or one other of their careers, discover themselves in employment eventualities that they deem lower than fascinating. Alternatively, maybe they’ve skilled one thing of their lives that makes them reevaluate using their time, such because the dying of a direct member of the family or an unlucky medical prognosis.
These occasions inevitably make us ponder our mortality and rethink the methods wherein we spend our days. Are we actually having fun with our lives? Is our work significant to the world? From a private finance view, these antagonistic occurrences can spur a need to develop a nest egg giant sufficient that it turns into pointless to spend time accumulating extra money. This line of pondering varieties the idea of FIRE.
The truth is that cash is solely a instrument that enables us to have extra selections and extra safety. With extra safety, reliance on an employer decreases, and the chance for one to make use of their time as they see match turns into extra accessible.
The FIRE Motion contains an eclectic group of people that acknowledge this actuality by making saving and investing the next precedence than nearly the rest. All through the pandemic, which was outlined by the lack of employment (and extra saliently, the lack of life), FIRE adherents have been amongst these best-positioned to deal with a misplaced revenue supply or antagonistic monetary occasion. For that reason, I might enterprise to guess that the FIRE motion could have gained energy entering into to 2021 and past.