Smelling Freedom: The FIRE movement is split into two tribes. The majority pursue leanFIRE, aiming to reduce costs to the bare minimum and save 25 times their annual expenses. The minority aim for fatFIRE, where the goal is to increase income in order to be able to live a more affluent life in retirement. Which way will you FIRE?
Smelling Freedom: Work life balance is important at every stage of your life. However once you reach your forties it takes on a new importance. Research has shown that working more than 30 hours a week is bad for your cognitive functioning. That’s a strong argument for FIRE or at least partial retirement once one reaches middle age!