The principle of FIRE mentioned in the article is FI financial independence (first/and/or) Retire Early. The $1.18m sgd figure may not be enough to retire on, but enough that if he were made redundant he would have savings to live, or if he wanted to career pivot/travel/buy a house he would be less dependent on his salary. Basically it's the buffer to help achieve independence from his primary source of income (salary). I'd take it to mean he's achieved the FI of FIRE with an eye to the RE after his (vulnerable) savings are converted into real estate or investment.
I browsed a fire subreddit and it was the most miserly, boring, spreadsheet obsessed losers arguing over which single etf they should drop their $50,000 inheritence into. A smaller portion was those who scrimped and saved to eventually become slumlords and a smaller portion still were people who stole ideas from r/povertyfinance and repackaged them as the true path to wealth as though earning six figure salaries isn't a surer path to bourgeousification than not buying a latte twice a week. Truly a bizzare community.
It's incredibly sad but it's a very insightful step into that class aspirational mindset. All of these people are completely impossible for communists to reach, they really believe in this system and they're playing it like you would play a videogame.
Yeah but unfortunately many of these people are not just trying to become un-exploited, but trying to become exploiters. It's full of boasting about it in fact too. Vile.
It also might be enough if you keep eating cold rice every day. Not having to work just doesn't seem like it'd be worth it if your only hobby was existing.
Cw: finance brainworms
The principle of FIRE mentioned in the article is FI financial independence (first/and/or) Retire Early. The $1.18m sgd figure may not be enough to retire on, but enough that if he were made redundant he would have savings to live, or if he wanted to career pivot/travel/buy a house he would be less dependent on his salary. Basically it's the buffer to help achieve independence from his primary source of income (salary). I'd take it to mean he's achieved the FI of FIRE with an eye to the RE after his (vulnerable) savings are converted into real estate or investment.
Yeah the entire FIRE community is all about creating """passive income""". The whole thing is PMC proles with petty-bourgeoise aspirations.
I browsed a fire subreddit and it was the most miserly, boring, spreadsheet obsessed losers arguing over which single etf they should drop their $50,000 inheritence into. A smaller portion was those who scrimped and saved to eventually become slumlords and a smaller portion still were people who stole ideas from r/povertyfinance and repackaged them as the true path to wealth as though earning six figure salaries isn't a surer path to bourgeousification than not buying a latte twice a week. Truly a bizzare community.
It's incredibly sad but it's a very insightful step into that class aspirational mindset. All of these people are completely impossible for communists to reach, they really believe in this system and they're playing it like you would play a videogame.
im trying to save up to retire early and here i am.
in my case its not out of hope for the system but utter hate at having to spend 6 days a week and all my youth in a shitty artificially lit office.
i have enough money where i can tell an employer to fuck off if they try to pull shit, and have time to find another job.
Yeah but unfortunately many of these people are not just trying to become un-exploited, but trying to become exploiters. It's full of boasting about it in fact too. Vile.
when education isnt liberating, the oppressed's dream is to become the oppressor.
It also might be enough if you keep eating cold rice every day. Not having to work just doesn't seem like it'd be worth it if your only hobby was existing.