How are you doing? Are you happy with your trajectory in life? Are you worn out? Are you bored? Are you just going with the flow of life? Or are you on the opposite end? Stuck overthinking everything. Treading water. Unable to effect the positive change you would like to see in your life? Do you know what you want out of life? What do you actually need?
Wow! That was a lot of questions! However, these are things you actually need to ask yourself every once in a while. So you should really go through each one. Get a pen and paper, or even just pull up a notepad. If you are not doing it already, you should live purposefully.
Reliability/Security: Financial security is an overarching theme. They cannot afford to or do not to wish to take any risks on if they will have money coming in consistently. They would prefer to know when and where the money is coming from then earn more with a chance of famine.
Time/Freedom: The most difficult to fit into a circle, because they are literally all over the place. They will work but it generally has to be a thing they would choose to do regardless of pay. Or, they will work in short stints and quit to do other things. They work to live, not live to work.
Production/Motivation: These people like to see results, be it a fat check or their name on a prestigious paper. They tend to prefer situations where there is no cap on their growth.
So What is FIRE?
- You want to have security and know you will have the financial where with all to survive if you lost your ability to work today. Not an ambiguous time in the future.
- You want the freedom to do what you want today, While not giving up your future. Be it lounging on a beach or volunteering your time.
- You value productivity and want to see results sooner rather than later. You are looking forward to doing your passion project because you surely have several.
Habits of successful people who have reached or are working towards FIRE.
- They absorb as much information as they can. (networking, books, podcasts, blogs)
- They celebrate different milestones. They view old inexpensive cars, or better yet no car as a sign that someone is successful instead of that shiny new car fresh off the lot.
- They know that experiences are more valuable than things.
- They believe in working hard today for a better tomorrow, and that it is a mission that never ends.
- They take action. They know things will never be perfect but do it anyways.
- They surround themselves with other like-minded people and know that this can be the difference between the wind under your wings and a pair of concrete boots.