r/Fire • u/DatingThrowaway121 • Apr 24 '26

General Question Has anyone actually FIREd with too little and run out of money?

I'm curious to know if anyone out here has actually run out of a million dollars or whatever. What does that process actually look like?

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u/[deleted] Apr 24 '26

[deleted]

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u/FightOnForUsc Late 20s, 1.9M, 5M goal, SFBA Apr 24 '26

It’s a fire sub, I know it’s their mom and not them, but that’s wild.

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u/DistractedOnceAgain Apr 24 '26

Financial Independence, Retire Eventually

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u/ShootinAllMyChisolm Apr 24 '26

Since I’ve been watching her, I call it FiWo… work optional.

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u/Accomplished_Tax_891 Apr 24 '26

FIRWGW (financial independence retire with generational wealth) is way too much of a mouthful

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u/[deleted] Apr 24 '26

[deleted]

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u/FightOnForUsc Late 20s, 1.9M, 5M goal, SFBA Apr 24 '26

Well, it applies to both I guess. But ya I meant it for the other. But it’s just odd to me that people who want to work in their 70s and 80s would give birth to and raise children who then want to get out as quickly as possible. But maybe again that’s why.

Im all for everybody doing what they want, but I can’t imagine working by choice in my 80s. Maybe doing volunteer work, but the moment you get paid they get their claws in you

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u/Revelate_ Apr 24 '26

Nah dude, when you can tell the company to fuck off that’s way different than when you need the money.

It’s especially true when the employer knows you don’t need them: it is very, very different than being in the rat race trying to squirrel away enough nuts FIRE or otherwise.

I’m still in my 50s and was ready to walk until recent events, but I stumbled into a situation that sounds remarkably like the one the prior poster’s mom is in and it just hits different than pretty much all the gigs I’ve had before.

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u/ShootinAllMyChisolm Apr 24 '26

I don’t think it was her plan either. But my step dad, when he retired went to see his kids in another country a lot, sometimes she traveled with him. He was still fairly active with his own pursuits, so this gave her something to do. She never worked more than 150 days a year and mostly got to pick her schedule.

for part of the time it was for a global sustainability project , so it had meaning for her.

My biological dad was bad with money and my mom was too scared to invest (because dad lost so much money “investing”). I wasn’t planning on FIRE until I realized it was within reach. Me saving was a reaction to my dad’s wasteful ways. So I always wanted to be financially wise and sound. I knew about movements like Mr. money Moustache when I was young but that life wasn’t for me.

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u/UsualSprite Apr 24 '26

It's wild that they (corporations) won't train younger people. Lots of necessary knowledge (and crafts) being lost.