This article challenges the common misconception that the FIRE (Financial Independence, Retire Early) movement is about deprivation and minimizing expenses. It argues that true FIRE is about optimizing spending to maximize value and long-term benefits. The author uses examples of baby gear, travel backpacks, and even airline tickets to illustrate how focusing on quality and durability can lead to cost savings in the long run.
After all, believing this movement is all about sacrifice and deprivation allows people to opt out and not even try to pursue financial independence.
If we were minimizing costs, we’d buy the cheapest baby bouncer from Walmart for $30. Instead, we bought a Baby Bjorn Bouncer for $100 secondhandis cheaper. But I’m happy to pay more for value. We also fly business class even though economy costs less than half the frequent flyer points, because waking up rested after a 15-hour flight is priceless. Minimizers would use as few points as possible so they can stretch their travel points to get more economy flights. To us, upgrading elevates our travel experience and is worth it.
For example, looking at the Osprey backpack example from above, within 30 years of use, the company will repair or replace the backpack for free. I previously bought a cheap $40 with no such guarantee, and it only lasted a year before it broke.
Personal Development FIRE Movement Financial Independence Retirement Planning Optimization Value Spending
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