The Daily

How to Retire as Early as Humanly Possible

73 snips
Jun 14, 2024
Join Amy X. Wang, assistant managing editor for The New York Times Magazine and expert on personal finance, alongside Alan Wong, a FIRE enthusiast who retired at 25. They dive into the revolutionary FIRE movement, sharing inspiring stories of early retirees and their philosophies on achieving financial freedom. Discover how the pandemic has attracted new followers, the contrasts between lean and fat FIRE strategies, and the evolving definition of success and retirement in today's world.
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ANECDOTE

Alan Wong's Motivation

  • Alan Wong's father worked tirelessly, but depression led to his suicide.
  • This motivated Wong to seek financial freedom and prioritize happiness.
ANECDOTE

Early Retirement

  • Wong developed a police scanner app, earning $350,000 monthly.
  • This allowed him to retire at 25, fulfilling his dream of financial freedom.
INSIGHT

FIRE's Origins

  • FIRE isn't about getting rich; it's about anti-consumerism and ethical living.
  • Early FIRE adherents focused on reducing their footprint and unplugging from the system.
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