Member-only story
FIRE Storm
What makes someone working toward FIRE (Financial Independence Retire Early) different from others is that:
We are prepared, or should be.
That we have a plan that is sound, or should.
That we have a community that is supportive, or should be.
That we are strong enough to make difficult decisions when others panic, or should be.
That we are patient when others are anxious, or should be.
That we are proactive, or should be, when others are reactive.
That we are confident, or should be, when others are doubtful.
I get that this current shock to the economy and to our lives, is unusual, and that this time is “different”, but the same was said about the Great Recession in 2008, which I, along with many others in the FIRE community, weathered just fine, though we may not have felt fine at the time. Those who did succeed during that time did so because of the items listed above. They had a plan, stuck to it, and didn’t panic.
Others who may not have fared as well initially, who lost their homes, their life savings, still recovered over the years if they learned to embraced the FIRE tenets above.
