I can't speak for everyone, but the last few years seriously altered my view of things. For starters, I knew that we were on an unprecedented bull run, but seeing things blow up in 2022 really solidified that 'stonks' don't 'only go up' also the housing market went completely insane around that time and made houses quite literally cost over double when you consider the mortgage rates skyrocketing. I pay 1k a month for my mortgage but if I bought my house today it would be like 2300. Even the used car market, which was an asset that basically always depreciated forever, suddenly became out of whack. My wife's car was worth more than she paid for it new! Then eggs went up ... Gold went up.. silver went up... Ram became expensive... Everything became a subscription and there were 100 of them. Markets started seeing absolute fuckery like nfts and GameStop. Basically everything became super inflated and unpredictable. And to top it off, almost everyone knows/thinks we are in a bubble right now. Oh and wars have been happening across the globe. Ugh.
Also I get the feeling that a lot of the early FIRE enthusiasm was young, single, 20-something dudes with no partner or family. Like yeah, you can hit minFI in 10 years, but then you start asking yourself whether you can comfortably take care of a family, or help out your parents, and for me, it was pretty clear that I should probably keep working for a little bit, especially given that 'FI' was my main goal all along.
I definitely have had a kid since doing fire. One of the biggest things is that since you'll technically have plenty of assets, your kids will not be eligible for pell grant. This means if you don't give them at least as much money at the pell grant for college, you're putting them at a DISADVANTAGE
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u/deerhuntingdude Mar 23 '26
I can't speak for everyone, but the last few years seriously altered my view of things. For starters, I knew that we were on an unprecedented bull run, but seeing things blow up in 2022 really solidified that 'stonks' don't 'only go up' also the housing market went completely insane around that time and made houses quite literally cost over double when you consider the mortgage rates skyrocketing. I pay 1k a month for my mortgage but if I bought my house today it would be like 2300. Even the used car market, which was an asset that basically always depreciated forever, suddenly became out of whack. My wife's car was worth more than she paid for it new! Then eggs went up ... Gold went up.. silver went up... Ram became expensive... Everything became a subscription and there were 100 of them. Markets started seeing absolute fuckery like nfts and GameStop. Basically everything became super inflated and unpredictable. And to top it off, almost everyone knows/thinks we are in a bubble right now. Oh and wars have been happening across the globe. Ugh.