keskiviikko 22. toukokuuta 2019

FIRE (Financial Independence, Retire Early) - Why there are haters and doubters

Whenever you open up to someone about investing, financial independence and the possibility to retire early, they get almost offended. Thus, it is not always easy to tell your friends about your plans and actions. FIRE is usually out of their reality. They just don't simply believe it's possible. Haters stem from the insecurities that people have. If someone is doing great, and you are not, it indicates that you are a looser (extreme example).  That creates negative feelings which usually come out as feelings of hate. It is easy to start blaming others, rather than grab the bull by the horns. 




Too many people are living from paycheck to paycheck because they can't handle their money. They are victims of too much consumerism. Most of the people are not used to think outside of the box. They are sheep who follow each other and do as they are expected to do, by society, by parents, by friends, by anybody else. Society has set up certain expectations for you: study, work, pay your taxes, shut up, and die. Most of the people follow these rules and are slaves of rat race almost their whole life. They have become accustomed for it, yet they still secretly want to win the lottery every saturday. 

People are not usually very satisfied with their jobs. Modern work is pretty demanding and consuming because the world is changing so fast. There is more and more uncertainty in the air. 
Back in the days, our grandparents and even parents had very promising career prospects with enough certainty, at least if they had a university degree. Nowadays, even a degree does not guarantee you a safe job for the next 40 years. That makes things very complex and creates lots of uncertainty.

Yet, most of the people are not aware of the power of compound interest and its possibilities, especially if investing is started in your 20s. 30s, 40s or even 50s is not too late, because people live longer and longer nowadays. When my parents were at my age, there were no Internet, so information did not flow as smoothly as it does nowadays across the world. Luckily, because of Internet, more and more people are getting interested in investing and financial markets nowadays. 

I feel that my mission is to inform and educate as many people as possible about the power interesting and compound interest.



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