The speaker discusses the distinction between financial independence (Phi) and early retirement (RE) in the Phi movement. They suggest that some individuals might reach financial independence but continue working for fulfillment, emphasizing that work can provide a sense of purpose. They imply that early retirement may not necessarily lead to increased happiness and that connecting the RE part to Phi is crucial in understanding the complexities of the fire movement.
Imagine hitting your FI number, retiring early, and discovering you hate it? In this episode we discuss four examples of such an outcome: from quitting the perfect job and regretting it, to feelings of depression and lack of purpose. Some are unable to find motivation without financial incentives, while others realize they haven't budgeted enough to do things they enjoy in life.
This is part 2 of our How NOT to FI/RE series for part 1 and the PRE FI/RE examples, be sure to check out that video here: https://youtu.be/Jb438jvebd0
The full text of each of the Reddit posts we discussed is posted in the show notes at: https://twosidesoffi.com/how-not-to-fire-2