Private Finance
The FI motion has impressed hundreds of thousands to rethink their life objectives. Right here’s an editor’s perspective on the great, unhealthy, and ugly of FIRE tradition.
On the finish of 2021, an editor acquaintance of mine reached out to me a few new alternative relating to private finance and entrepreneurship journalism.
“We’re seeing a variety of vitality on this area,” he stated. “You appear to be plugged into this world. And I’ve seen your bylines over time.”
“Would you prefer to have a dialog?”
Three months and 7 interviews later, I used to be the latest senior editor at NextAdvisor, a partnership with TIME, overseeing the launch and route of a brand new vertical all in regards to the Monetary Independence, Retire Early (FIRE) motion. General, we shepherded over 125 articles about FIRE onto TIME.com earlier than the partnership resulted in early 2023. I used to be laterally moved to CNET Cash earlier this 12 months.
From wild aspect hustles to frugality lovers, the individuals I met and interviewed helped me understand that, effectively, the monetary independence motion isn’t all get-rich-quick maniacs.
It’s really a motion that many people are already collaborating in, whether or not we understand it or not.
In case you’re setting earnings objectives, taking over a web-based enterprise or freelance work, and/or saving cash for a future profession shift, shock: You’re part of the FIRE motion.
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On this time, I discovered so much in regards to the FIRE motion. Some parts, equivalent to making extra money through the web, have been in my wheelhouse from years of being a self-employed marketing consultant. Different parts, equivalent to early retirement tax planning and golden visas, have been new to me.
Furthermore, for each strict FIRE adherent I met, there was another person within the…