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the FIRE's out?

Posted: Mon May 01, 2023 9:00 am
by captainspoke
https://finance.yahoo.com/news/early-re ... 34409.html

And the comments that follow the article...! ;)

Re: the FIRE's out?

Posted: Mon May 01, 2023 9:20 am
by TokyoWart
Interesting to consider that Joe Dominguez, the co-author for the "Your Money or Your Life" book that is an early guide to the FIRE movement, retired at age 38 after saving just $70,000 which I believe he largely kept invested in US Treasury securities. He retired in the mid-1970's in the midst of high inflation years, did not have a family to support, and I guess must have supplemented his savings with revenues from his successful book before dying at a young age 58. Seems like these more recent FIRE enthusiasts are not made of as stern a stuff as those early founders.

https://www.librarything.com/author/dominguezjoe

Re: the FIRE's out?

Posted: Mon May 01, 2023 10:21 am
by RetireJapan
Sam Dogan is a multi-millionaire, and is likely just doing this to get back in the news and sell more copies of his book ;)

The whole article sounds like it was put together by some young journalist who has no idea what they are writing about...

Re: the FIRE's out?

Posted: Mon May 01, 2023 10:28 am
by adamu
Doused in schadenfreude.

Re: the FIRE's out?

Posted: Mon May 01, 2023 10:53 am
by captainspoke
RetireJapan wrote: Mon May 01, 2023 10:21 am Sam Dogan is a multi-millionaire, and is likely just doing this to get back in the news and sell more copies of his book ;)

The whole article sounds like it was put together by some young journalist who has no idea what they are writing about...
One of the comments says that he has $200k/yr in passive income, and that the 'problem' is that he is still living in the bay area.

Re: the FIRE's out?

Posted: Mon May 01, 2023 2:44 pm
by beanhead
captainspoke wrote: Mon May 01, 2023 9:00 am
And the comments that follow the article...! ;)
Didn't read them all but liked this one:

Anyone retiring at 34 thinking we won't have serious down periods in the stock market isn't smart enough to retire.

:D