This is an AI translated post.
[FIRE Movement] FIRE People Returning to Companies
- Writing language: Korean
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Base country: All countries
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- Economy
0000-00-00 00:00:00
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Summarized by durumis AI
- The recent phenomenon of FIRE people returning to companies is due to the difficulties caused by inflation and declining asset values.
- Successful FIRE people hold assets that generate stable income, while those who rely on 'capital gain' type assets have a low probability of success.
- When preparing for FIRE, it is important to plan with a focus on assets that generate stable income.
FIRE (Financial Independence Retire Early) is all about preparation, and the strategy you choose can make or break your success.
There are reports that some FIRE enthusiasts are returning to their jobs.
1. Interest rate hikes due to inflation, leading to 2. Decreasing asset prices in stocks, real estate, and cryptocurrencies
3. The importance of labor is being emphasized again, and 4. More people are returning to their jobs due to regret over their FIRE decisions.
This is the story.
Recently, there has been a consistent upward trend in asset prices that has been unprecedented in the past.
However, it is too hasty to declare FIRE based on the assumption that this upward trend will continue.
Since the continuous rise of all assets is impossible,
FIRE enthusiasts with 'Capital Gain' type assets have a low probability of success.
On the other hand, when I look at successful FIRE enthusiasts around me,
Many of them have assets that generate stable income.
They all seem to have peace of mind and the leisure that comes with it.
(It is said that they recognize each other because of the similarity that leisure brings.)
Resemblance
It's easy to recognize if you're similar.
They don't even think about going back to work.
If the FIRE enthusiasts mentioned in the article had set up their assets primarily based on income generation,
Or if they had converted their existing assets, they would not have returned to work.
