The TRUTH About the FIRE Movement UK - I CONFRONTED Them!

I have been doing a lot of thinking about the FIRE Movement UK. I decided to challenge them and in today's video I want to let you in on the conversation that followed.

So FIRE stands for Financial Independence Retire Early. It’s a lifestyle movement with the goal of gaining financial independence and retiring early.

Now when I say I confronted them it wasn’t to challenge the 4% rule and the trinity study which are some of concepts discussed by them. The idea of FIRE itself it pretty simple and at it’s core is a simple maths exercise, working out how much money you need to make it a reality. It’s not easy, but it is simple.

What I have been challenging is the whole overall concept on what drives people to follow this mantra of financial independence retire early. I’m a member of some different FIRE based communities as I sort of have one foot in this camp and find the thought process interesting.

IS THE CONCEPT OF FIRE A RED HERRING?

-----------------------------------------------------------------------------------------------------------------------

Hi there! My name is Tom Morgan, Founder & Financial Planner of Orca Wealth Ltd, welcome to my YouTube channel ‘That Finance Show’. I’m very glad to have you here because this channel gives me the opportunity to help people and share information with those who wouldn’t normally get it.

► MY INDEPENDENT REGULATED FINANCIAL PLANNING BUSINESS – Orca Wealth Ltd. If you are interested in how proper Financial Planning could help you visit my website below to learn more and enquire.

🎯www.orcawealth.co.uk

Orca Wealth Ltd (FRN: 1007211) is an appointed representative of Sense Network Ltd (FRN: 465124) , which is authorised and regulated by the Financial Conduct Authority.

► MY ONLINE STORE (for all your TFS goodies, T Shirts, Mugs etc)

🎯www.thatfinanceshow.com

► TRADING 212 (for investing in funds and individual shares)

If you want to use Trading 212, use this link and get yourself a free share worth upto £100!

🎯 https://www.trading212.com/invite/FMJ...

Trading 212 UK Ltd. is Authorised and Regulated by the Financial Conduct Authority (FRN: 609146).

► INVESTENGINE (for investing in ETF’s only)

Get £25 when you invest at least £100 with InvestEngine (Ts&Cs apply) with this link:

🎯 https://investengine.pxf.io/x9d6gx

InvestEngine (UK) Limited is Authorised and Regulated by the Financial Conduct Authority (FRN: 801128).

DISCLAIMER: Some of these links may be affiliate links. If you purchase a product or service using one of these links, I will receive a small commission from the seller. There will be no additional charge for you.

-----------------------------------------------------------------------------------------------------------------------

Follow the fun on Instagram: @thatfinanceshow

RISK WARNINGS

When investing remember, your capital is at risk. Investments can fall and rise and you may get back less than you invested. Tax treatment depends on your individual circumstances and may be subject to change. This channel is for information and entertainment only. The information provided by Tom and That Finance Show is not intended to address your particular requirements and should not be construed as advice. Neither Tom or ‘That Finance Show’ will not be held responsible for any actions you take as a result of watching these videos.

#fire #fireUK #financialindependence