Personal Finance
Redefining Retirement: How FIRE Enthusiasts Are Staying Recreationally Employed
By Retire by 50  •  April 17, 2024
In recent years, the Financial Independence, Retire Early (FIRE) movement has captured the imagination of those seeking to escape the traditional work-life trajectory, promising a pathway to early retirement through disciplined saving and aggressive investing. Traditionally, FIRE advocates a life where work becomes optional at an unusually early age, allowing individuals the freedom to live on their own terms. However, as the movement matures, many who have reached this coveted financial milestone are finding that complete disengagement from work isn’t quite the utopia they envisioned. Instead, a new concept is emerging within the FIRE community—Financial Independence, Recreationally Employed (for the lack of a better word, let’s call it FIRE 2.0)—which reflects a more nuanced understanding of ‘retirement.’ While I am only on a career break and not retired, I can resonate with this because now that I have a lot more free time on my hands, I would look for...
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By Retire by 50
RetireBy50.me is a personal blog about my journey to retirement by the age of 50. At 31, I am a typical white-collar Singaporean who works regular hours in a job while looking for other opportunities to make more money during non-office hours. This blog will discuss the hits-and-misses encountered during my journey to free myself from the corporate rat race. Will I get there by 2033? Stay tuned.
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