Lewis Howes

And then when they get to 5 million, what happens?

Well, I think $10 million, you know, with inflation.

I mean, I feel like $10 million is probably a safer bet.

Then they work jobs they hate that are burning them out.

They're making great money, a couple hundred thousand dollars if they're shoveling it all away.

That's kind of how the fire movement works in your 20s, 30s, and maybe even 40s.

But then they're burnt out and they spend the rest of their life trying to recover from the marathon they just ran.

That wore them out.

And so there's, I think, just a healthy balance of moderation here.

Be intentional, but don't lose your soul to some financial goal.

Wow.

What is the philosophy of the FIRE movement?

The philosophy is, I don't want to have to work till I'm 65 and not have that freedom to do what I want to do.

to set my own schedule.

And therefore, what I'll do, which this is the one good thing about it, is that delayed gratification.

I'm going to work my tail off.

I'm going to make as much money as I can, spend as little as I can, and invest the difference.

So it's just taking a good thing to an extreme.

Anytime you take something to an extreme, it usually ends up being unhealthy.

It's like financial minimalism.