POPA ReconThe problem with the FIRE movement is that it is a bet against yourself, and yes, this is coming from someone who used to be a part of it.
The problem with the FIRE movement is that it is a bet against yourself, and yes, this is coming from someone who used to be a part of it. The whole strategy is to save up as much as you can in index funds, and generally be extremely frugal. If you're in your 20s and 30s, this is the time to take massive asymmetrical bets, not to follow investment strategies that are originally intended for pension funds. You are limiting yourself from having a growth mindset to a scarcity mindset. A mindset where you believe you can't be better than the average man. I think people who are so extreme…
The excerpt is quoted from a public Telegram channel, which owns its text.