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Earn & Invest
558. Is FIRE Still Possible in 2024 w/ Millennial Revolution
Sep 9, 2024
Kristy Shen and Bryce Leung, co-founders of Millennial Revolution and known for their expertise in early retirement, dive deep into the future of the FIRE movement in 2024. They tackle pressing issues like inflation and political unrest, exploring whether financial independence is still achievable. The couple shares innovative strategies such as geographic arbitrage and emphasizes controlling personal finances amid changing economic realities. Their insights blend practical advice with anecdotes about parenting and lifestyle design, making for an engaging discussion.
52:37
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Quick takeaways
- The evolution of the FIRE movement now incorporates remote work and geographic arbitrage, enabling more effective financial independence strategies in today's economy.
- Automating financial responsibilities becomes essential for new parents, helping them manage budgeting and investments amidst their various demands.
Deep dives
The Evolution of Financial Independence
Financial independence, particularly the FIRE (Financial Independence, Retire Early) movement, has evolved significantly in recent years. The tools and strategies for achieving FIRE now incorporate new opportunities, particularly the rise of remote work and geographic arbitrage. This shift allows individuals to leverage high-pay jobs while living in lower-cost locations, which was not feasible a decade ago. As a result, those pursuing financial independence can now adapt their strategies to navigate current economic conditions more effectively.
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Discover
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Listen to the best highlights from the podcasts you love and dive into the full episode