Why I Ditched the FIRE Movement

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In this video, I share my personal FI//RE journey with you. I used to be a big believer in the F.I.R.E (Financial Independence Retire Early) movement, but I've since stepped away from it.

At first, I was drawn to the idea of achieving financial independence and retiring early in my 30s or 40s. I saved aggressively for a few years and invested almost $8000-10000 a month, all while living a very normal life. But then I realized I wasn’t living the life I wanted…

I've learned a lot from my FI/RE experience, and I'm sharing it with you because it's important to reassess your goals and values continually. So, come join me on this journey, and let's explore together why stepping away from FI/RE was the right decision for me.

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WHO AM I:

I am Sami, a YouTuber, entrepreneur, a former 9-year Physician Assistant on a mission to start a new generation of financially literate medical providers. I make videos on my experience as a PA, an entrepreneur, an expat in Thailand. My goal is to encourage you to live outside your comfort zone. Ignore the “rules” and live a life of financial freedom and genuine happiness — whatever that may look like for you. Cheers to living unconventionally!
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I enjoyed learning how you learned and applied FIRE to your life. In a way FIRE let you build your financial footing and as you reconsidered your life goals with financial stability. Investing what you worked so hard for in yourself is wonderful. I find that FIRE gives some of us the possibility to figure out our calling and be able to buy back our time to do what makes you happy. Great channel and content!

pedrogarces
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Thank you for sharing your experience. It's very helpful to understand different people perspectives, and you are so well reasoned. A financial plan and retirement strategy should match the person's current values. Best of luck on your new persuits!

cdrcs
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"Being too frugal"
"we saved 10K a month and it was only 1 income"

Bro tell that shit to somebody else :D :D :D

AECH_CH
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It depends on what you define as „early“. Where you set your goals. I think if you decide to retire let‘s say 10 years earlier than normal this is still a good goal and you still can enjoy life now. I am a 55 year old German and I am thinking of retiring in about 2-3 years. Or at least work only part time. Let’s say 3 days a week. That‘s 10 years earlier which is great.
I would be fine if I would loose my job tomorrow which is a great feeling. I am not dependent on a job anymore. But I never sacrificed everything for this goal. I am still traveling the world, own an apartment and drive a nice car. So I fully agree that you should enjoy today but also think if the future.

sonjak
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Found your video while browsing for Financial independence videos. Full disclosure, my husband and I are huge FIRE fans and we are on target to hit our Fat FIRE number in 5 years. Best of luck to your beautiful family in Australia. I’m sure you guys are going to do great wherever you guys go! I’ll be rooting for you guys!

anadollcrazy
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Just found your channel and i must say Congratulations, you've reached FIRE. You retired from your 9-5 job, to do what you wanted to do instead. Manage your own time and have the money for back up. Thats a 10 of 10 Sucessfull FIRE if you ask me. I dont think people far away from "real" retirement actually retire, as like sleeping on a bench in the sun with a margarita. You just retire from the need for 9-5.

mathiasa
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I do feel restricted as well and not so happy. However i feel less burdened financially and starting to seek happiness be it being grateful or investing in self

deborah
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You should look into Coast FI. I think it would suit you better. If you leave what you've already invested in the market and have enough, it should eventually grow to fund your retirement someday. In the meantime, the two of you just need to earn wnough to live and can focus on raising your children and bettering yourself.

theprogressivemichigander
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I was super into personal finance and even had a finance blog years ago.

But I'm a bit more relaxed on some things and keep most of my finances on auto-pilot now.

designthedays
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It’s does work I’m 34 and I can retire right now I work part time just because I like what I do but I make enough on my passive stream to live no problem.

aaronrich
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omg the transition from 1:42 to 1:47 lmao

johnmerriam
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I think alotta of y’all was doing FIRE wrong lol

Make enough investments to not have to work 9-5 and cover ur travel expenses

humanityincvideos
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Sami i am a hvac design engineer construction industry trying to start 1 person online business as solopreneurs or freelancers to get work from home effectively so which books would help landing clients as beginner in such a case where competition of the market is high due to clients choosing to work with established players only experienced people who have previous projects & for cheaper prices, how to stand out from the crowd ...

mohibquadri
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If you are making more than 100, 000 dollars under the age of 30 then you are making more than about 96 percent of your peer group. About 18 percent of people ever make over 100, 000 a year. Mathematically speaking fire is impossible for a single person who makes the average salary of 50, 000 a year.

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