/biz/ - Business & Finance

>>50845297
>live extremely frugally and forego life experiences including starting a family
>so you can retire at the ripe old age of 50
KEK

I know this is post is bait but a lot of people actually fall for the FIRE meme which is really nothing more than "you will own nothing and be happy" but rebranded for people who want to be perceived as high IQ and successful, despite committing to a low IQ path of unsuccess and penny pinching.

Financial Independence does not mean not having a job (otherwise hobos would have to be considered financially independent). Financial independence means you can do whatever you want WITHOUT having to make lifestyle sacrifices or compromises due to money. Yes, this could include not having a job, but not necessarily. You might have a job simply because you love it (eg being a writer, running a nonprofit, w/e) and how much that job pays does not factor into your decision because your income generated by your assets already buys you your lifestyle, freedom, etc.

If you are constrained by finances to doing what you want, if you have to live like a penny pinching miser to be able to quit wagecucking, then you are clearly not financially independent. I hope this clears things up.