Owen Raskovitch

Yeah.

So financial planners would always use some rules of thumb.

And one of the ones that they would say is you need a multiple of your ending salary to retire comfortably.

So they might say 20 times your salary, right?

Which is quite an overwhelming figure for many.

But the way you could think about it with the FIRE movement, it's not a percentage or not a multiple of your salary, but a multiple of your yearly spending, right?

So it should be a lot lower, that figure.

And it's one that you have more control over, how much you spend as opposed to how much you earn, right?

So how much you spend, you might make $80,000.

So 20 times that, 1.6 million, but you might only spend 40,000, right?

And so if you're going 20 times that, it's considerably less.

So that's, I guess, the essence of the FIRE movement in terms of...

living for within reason living frugally but then also being able to control your financial destiny by keeping those costs down to a level that you are comfortable and so i think that's the key here is that you know you might say that i retire early and there's that old financial planning joke um i've got enough to live off for the rest of my life i just need to die next week

Right.

And so it's all relative.

Yeah.

So if I say I want two million dollars, you say you want three million dollars.

How long do you have to live?

What are your, you know, what are your expectations?

How many people are you providing for?