Embracing an Economic Satisfaction Lifestyle
05/03/22 • 30 min
FIRE stands for, financial independence retire early. The movement started a little over a decade ago, some books were written about the concept and then the millennials really climbed onboard. A big part of it is that people are really frustrated - that has lead to The Great Resignation. We just don’t want to have to work at a job (they hate) forever and never be able to retire. There are a lot of factors that have made it popular, but, as you look closer at the core philosophies, for most people, it's probably not going to work.
Dawn strongly disagrees with a lot of the FIRE's underlying principles. In this episode she unpacks the FIRE movement, why it's problematic. Dawn explains the first part of her ESCAPE Wealth Philosophy - a much better philosophy and strategy in her opinion.
Did you get your Free Copy of Dawn's book yet?
Connect with me:
Instagram: https://www.instagram.com/midlifeinparadise/
Facebook: https://www.facebook.com/dawndfleming/
LinkedIn: https://www.linkedin.com/in/dawnfleming/
FIRE stands for, financial independence retire early. The movement started a little over a decade ago, some books were written about the concept and then the millennials really climbed onboard. A big part of it is that people are really frustrated - that has lead to The Great Resignation. We just don’t want to have to work at a job (they hate) forever and never be able to retire. There are a lot of factors that have made it popular, but, as you look closer at the core philosophies, for most people, it's probably not going to work.
Dawn strongly disagrees with a lot of the FIRE's underlying principles. In this episode she unpacks the FIRE movement, why it's problematic. Dawn explains the first part of her ESCAPE Wealth Philosophy - a much better philosophy and strategy in her opinion.
Did you get your Free Copy of Dawn's book yet?
Connect with me:
Instagram: https://www.instagram.com/midlifeinparadise/
Facebook: https://www.facebook.com/dawndfleming/
LinkedIn: https://www.linkedin.com/in/dawnfleming/
Previous Episode
Investing in Foreign Real Estate: Buying a Vacation Rental
Lisa Godfrey-Hayes had a passion for travel, even though she had never left Alabama. Some of her medical industry colleagues worked in Saudi Arabia. She decided to apply, and was hired. She found herself leaving the country for the very first time - to work abroad on a two year contract. Afterward, her budding itch to travel was in full bloom. Lisa heard about Isla Mujeres, Mexico on a " Beach Bargains" tv show and knew she had to go check it out.
After visiting numerous times - with trips to other locations sprinkled in - she rented an apartment for a year. Still working and living in the US, Lisa traveled as often as she could, renting the apartment to friends and others when she wasn't there. It was a great "beta test" before taking the plunge and buying her own oceanfront condo. It was a hot mess, but she saw the potential. After a $20-25K makeover it's a gorgeous, cash flowing vacation rental and Lisa's future retirement home.
Did you get your Free Copy of Dawn's book yet?
Connect with me:
Instagram: https://www.instagram.com/midlifeinparadise/
Facebook: https://www.facebook.com/dawndfleming/
LinkedIn: https://www.linkedin.com/in/dawnfleming/
Next Episode
What is “Work”? The Highest and Best Use of Your Life Energy
How do you define work? We dive into the financial and personal role of work in our lives. Cultural differences in how communities view work. How moving overseas increases your options and choices about how we work. Here are links to the books Dawn mentioned Your Money or Your Life and The New Retirementality.
Connect with me:
Instagram: https://www.instagram.com/midlifeinparadise/
Facebook: https://www.facebook.com/dawndfleming/
LinkedIn: https://www.linkedin.com/in/dawnfleming/
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