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Forum nameGeneral Discussion
Topic subjectThe biggest knock on FIRE is that it's mostly for higher income folks
Topic URLhttp://board.okayplayer.com/okp.php?az=show_topic&forum=4&topic_id=13300715&mesg_id=13300754
13300754, The biggest knock on FIRE is that it's mostly for higher income folks
Posted by Cocobrotha2, Thu Dec-06-18 03:38 PM
Most of the blogs are focused on people that were already making good money and figured out they could save alot of money while still enjoying what's important to them.

The blogs don't do much for people making alot less that don't have much fat in the budget to cut.

I think it can still be useful to low income folks though if they still hear the general message that you can still live a quality life without alot of the stuff or the lifestyles we're sold. That way, they can avoid alot of the lifestyle creep that traps alot of higher income people into wage slavery.

Their focus would naturally have to be on making more money but if their secondary focus is on maximizing their savings and investments along the way, it'll actually be easier for them to reach some of the extreme levels of savings.