What We Hate About The FIRE Movement | MHFI 155

Doug and Carl talk about the bad parts of the FIRE movement. Cheap people Dogmatic approaches How the mainstream media writes about FIRE Lack of nuance (must we discuss the fv^%ing 4% Rule again?) It’s OK to work From the listeners Living off $40,000/year isn’t realistic Credit card hacking isn’t for everyone Do you love Mile High FI? Support us over at Buy Me A Coffee. Do you really love Mile High FI? Buy Us Two Coffees! and we’ll quit! You win either way! Links Support Mile High FI: Buy Me A Coffee Doug’s site – Check out the NEW Sleep Post. Carl’s blog: 1500 Days — Join the Mile High FI Club – It’s our email list! Get MHFi Merch – It helps support the show. Get t-shorts & more **Disclaimer: The podcast is for informational purposes. Maybe entertainment but we won’t even make such a claim. You shouldn’t take the info as financial, legal, or tax advice. We aren’t certified financial planners or advisors. We’re not qualified for much. So get advice from professionals.** Brought To You By: The Doug Show, aka Affiliate Marketing & Side Hustles 1500 Days, Carl’s Blog about Early Retirement Email us here: [email protected] or [email protected] 0:00 Intro 4:30 Mr. Mustache HQ – What’s new? 7:50 Doug’s health updates 10:38 How you can support us 14:25 Carl’s number one issue with FIRE 22:31 Applying a dogmatic approach to FI 28:00 Is having a job necessarily bad? 36:20 Paying attention to details 39:04 Portrayal of FIRE in the media 43:20 The 4% rule (again) 50:30 Annoying things FI people do 53:43 Courses 59:04 Can you live on 400k a year? 1:01:09 Credit card rewards 1:02:50 Teaching teenagers a FIRE mindset 1:04:26 Shifting into decumulation 1:07:26 The ”Spending is bad” mindset