FIRE stands for, financial independence retire early. The movement started a little over a decade ago, some books were written about the concept and then the millennials really climbed onboard. A big part of it is that people are really frustrated - that has lead to The Great Resignation. We just don’t want to have to work at a job (they hate) forever and never be able to retire. There are a lot of factors that have made it popular, but, as you look closer at the core philosophies, for most people, it's probably not going to work.
Dawn strongly disagrees with a lot of the FIRE's underlying principles. In this episode she unpacks the FIRE movement, why it's problematic. Dawn explains the first part of her ESCAPE Wealth Philosophy - a much better philosophy and strategy in her opinion.
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