The Skeeter Daddle Diaries

FIRE ( Financial Independence, Retire Early)

Even before Trump pronounced You’re Fired, maybe you heard of FIRE, the groupthink of slackers like myself who thought Maynard G. Krebs had it correct back on Dobie Gillis: Work?? A four letter word spoken only with incredulity, as in, What, Me?
There’s an entire movement out there for those who want to retire young. In fact, there’s a Lean Fire and a Fat Fire, the former for those who think they might manage to live on 40 grand a year and the latter for those who think they might manage on a mere 150 grand. The latter we’re going to call rich and if they need help figuring out how to retire comfortably, I’m not going to be the one to give advice. Other than to tell them to get their heads out of their ass and wake up. You’re rich, you idiot!

But for the rest of us, me, my neighbors on the South End and possibly you wannabee retirees, I have all kinds of free advice. I know, if I set myself up as a Life Counselor, I’d be in the Fat Fire category, rich beyond my means to spend it all. No, that would defeat the purpose now, wouldn’t it? Even if I do think Life Counselor doesn’t actually fall into the category of work. Maynard G. was really a life counselor, after all. At least for me.

I have friends who run the numbers on what they will need to live a comfortable lifestyle into their 90’s. You can find financial advisors who will lay out your portfolio and give you the verdict if you can live on a mere 100K a year until the assisted living apartments kick your indigent self onto the sidewalk when you run out of pesos. Most of you won’t want to take the chance. Most of us would rather … yes, work, than risk becoming a bag lady at 95, eating from dumpsters and sitting at the freeway exit soliciting alms. TOO EARLY RETIREMENT, ANY $$$’S WILL HELP. GOD BLESS.

If you’re that kind of planner, forget about it. Retiring early requires a leap of faith. You either believe you can make ends meet or you don’t. It helps to start early, the earlier the better. That way you can make adjustments. Worst case, you can … well, there’s no gentle way to say this, you can go to work. The Lean Fire people may not tell you, but I will, if you retire before you made any money, you will have to find some means of accruing greenbacks for food, clothes, dwellings and the like. Sorry, but it’s kind of a Law of Physics.

The trick the Lean Fire Folks keep to themselves is that you have to work, you just don’t have to work for the Man. Swell, right? They also won’t tell you working for yourself is hard. The pay is crap, the boss is a jerk and the retirement you already took isn’t offered in the self-employment package. Neither is health care, vacation, sick leave, all that stuff you walked away from. Check the Lean Fire Fine Print if you don’t believe me.

But! If you’re like me and Maynard, take the gamble. Beats the odds at the casino and way better than Lotto. Worst case, you have to go back and do what you hated in the first place, but you got a short vacation. You might even learn to shop Goodwill and buy generic. You might find that the America that isn’t nose to tail in the rat race isn’t so bad after all. You might discover you actually have an imagination and that imagination might take you places you never dreamed possible. Even without that 150K budget….

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