Why I Quit The FIRE Movement

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Timestamps:
00:00 intro
00:30 Did Fire Work?
01:48 Quitting at 24
02:24 what comes next?
04:01 who are you outside of work
05:12 My New Plan
05:59 Why I love Creating
07:15 Mistake 1
08:26 Mistake 2
09:04 Mistake 3
10:02 Getting lucky
10:21 Mistake 4
11:12 Making Money With YT

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FINANCIAL DISCLAIMER: I am not a financial adviser. These videos are for educational purposes only. Investing of any kind involves risk. While it is possible to minimize risk, your investments are solely your responsibility. It is imperative that you conduct your own research. I am merely sharing my opinion with no guarantee of gains or losses on investments.
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FINE = Financial Independence, Next Endeavor

I think this is the more realistic path for most people

PatrickNoonan
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You make some fantastic points here. I don’t want to retire early, I want to be comfortable enough to be able to “work” when it suits me, in a job I love. I don’t know what it is but it has to involve helping people. Semi-retirement sounds like a fantastic goal. Thanks for another great video.

FoxStorm
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Fire means not needing to work for money. Doesn't mean not working at all

AlvinCwk
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I've never understood the FIRE movement as "never working again", but rather as "never having to work again", especially with things that do not bring fulfillment, bs jobs, corporative positions, etc. I could never see myself not working, cause I love what I do. But choosing when and how much I want to work is definitely the goal!

jeffnunes
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I am 77 years old widow and have been retired since 2021. I worked because I enjoyed it and the part time scheduling worked perfectly. After retirement I too felt the need to continue to be productive. Slowly started an eBay side business - it has worked so well for me. I feel productive, I'm helping keep "stuff" out of the land fill and also earning a little bit of extra money for fun things.

eileenclaussen
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True freedom seems to be having choices. The choice to work or not, or go back part-time, or volunteer. It stops being fun if you can't work at all, or can't afford to stop. Good video!

ltltornado
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We Are in Unchartered Financial Waters! every day we encounter challenges that have become the new standard. Although we previously perceived it as a crisis, we now acknowledge it as the new normal and must adapt accordingly. Given the current economic difficulties that the country is experiencing in 2024, how can we enhance our earnings during this period of adjustment? I cannot let my $680, 000 savings vanish after putting in so much effort to accumulate them.

christainjames
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Man, I guess this is one of the most honest video on your channel I've saw so far and the most valuable for me. Thank you for sharing!

timurnurlygayanov
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Just discovered your channel (about a week ago). You’ve changed my life man! Thank you! 🙏 My kids are benefiting from me finally getting my life together, plus I’ve even shown your financial advice to my kids. Brilliant, slick channel. Cheers from Australia 👋🏼

FoxStorm
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The book "your money or your life" is a really good one to read while working towards FIRE. It gets you thinking about all this stuff ahead of time

Kyla
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Totally yes. It's wonderful to have the opportunity to choose and have the comfort of spending your time the way you want

piestaktyczny
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Thank you for this video! I felt behind for not getting into the FIRE movement in my early 20s. I’m 28 now and recently, I was able to quit my full-time job and focus on my graphic design side gig business. I only have 5 monthly contract paying clients and I now work only 2-4 hours a day! I LOVE working from home and having so much FREEDOM! My small business makes only $48K/yr and that income totally sustains our living expenses while my husband’s $55K/yr income goes towards fun/savings/investing/paying off debt. I’m happy and less stressed! Took me 6 years to get out of the hustling & grinding culture and working 12-18hr work days and no day offs. I can finally slow down.

simplevisuals
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I have a handful of youtubers I watch/follow, and you're one of the top. I look forward to your videos and the informative, valuable content you provide in a relatable and understandable way. I have learned so much from you--both here and your newsletters (that I actually save and refer to). Thanks for all you do, Gabe!

elsatesfam
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I sincerely don’t understand how someone is bored in retirement. There’s SO many non profits that need volunteers, go be helpful to improve the community you live in.

singleparentfire
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Spot on. I did the Fire deal and although I quit a lot later (50) I had to find out the hard way that despite tons of sports, travel, family activities.. I got bored and missed being a doctor. So I went back to it (very part time) and loving it. zero regrets, I probably had to learn that lesson but work has intrinsic value beyond making money. Being creative, being of service to others, these are natural human needs. FIRE is still the best, but focusing on the transition and planning for some sort of work after is a good strategy. Having “F-you” money (aka, financial independence) is still fantastic, you get to choose how/when/how much you want to work. I really like the idea of not letting the scarcity mindset be in charge too. Thanks

ww
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My goal is freedom from obligation. I don’t want to stop working, I want to have the choice to stop working. I’ll probably work until the day I die, but hopefully one day whether what I do makes me any money will stop mattering.

stayfocused
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Really enjoyed this! You make a lot of great points.

Who you are outside of work is a BIG one, and your comment “most people never try to do that dream thing because they see it as so out of touch” hit hard. I just started YouTube recently after wanting to for so damn long. Something that hit me recently was this quote, “Fear is a mile wide, and an inch deep.” That was a lot of it for me, thinking about everything that could go wrong vs. the opportunity of failing/learning along the way (enjoying the process). That scarcity mindset really holds you back.

flonought
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That makes so much sense Gabe!!! Thanks for sharing your story. I love hearing what you’ve learned along this journey.

divishabradford
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This is so similar to how my thinking has shifted regarding FIRE. Working part time and pursuing other activities that I want to do more of is now what I’m striving for

wealthbuildingstory
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Gabe, you make a lot of sense. I can't retire early but I will make enough to be comfortable. Thanks for the inspiration and how to figure out how to make a life of happiness!

traciewade