Skip to site content
The Show

The Truth About the FIRE Movement

The FIRE Movement. What is it? Who’s doing it? Should I do it? Is it good or bad? How do I do it? These are all questions you may ask yourself when you hear people talking about the FIRE Movement. We cover all of this and so much more in this week’s episode of The Money Guy Show.

You may notice that we have a special visitor for this episode. Brian is out of the office visiting his favorite mouse (if you guessed Mickey, you’d be right)! Gabe Talley from our team joins us and shares his vast knowledge on this subject with our Money Guy family. You don’t want to miss this episode of the Money Guy Show.

Here’s What You’ll Find Out in this Episode:

  • How Gabe helps FIRE clients develop a strategy from Point A to Point B
  • Where the FIRE movement began
  • Why Millennials embrace the FIRE movement
  • What is the #1 concept from Vickie Robins’ book “Your Money or Your Life”
  • Common behaviors of Millennials towards money and retirement
  • How to apply the Money Guy Order of Operations to your FIRE goals
  • What FIRE participation means to a capitalistic economy
  • The percentage of money people are saving who participate in the FIRE movement
  • Common traits of FIRE participants
  • The three different categories of FIRE participants and the characteristics associated with each category
  • The pros and cons of the FIRE movement
  • Frequently asked questions about the FIRE movement
  • Secrets to becoming a successful FIRE participant
  • Why do you have to change your mindset about saving and accumulation as a FIRE participant
  • How to approach charitable giving as a FIRE participant
  • How taxes play a role in your financial life as a FIRE participant
  • Common blind spots for FIRE participants
  • How to prepare to become a FIRE participant
  • The Money Guy perspective on the FIRE movement

Resources Mentioned in this Episode & Related Episodes

Enjoy the Show?

Where You Can Watch and Listen:

Subscribe on these platforms or wherever you listen to podcasts for new episodes every Friday, live streams every Tuesday at 10am CT, and new highlight clips throughout the week.

Related Content

Free Resources

Financial Order of Operations®: Maximize Your Army of Dollar Bills!

Here are the 9 steps you’ve been waiting for Building wealth is simple when you know what to do and…

View Resource

Wealth Multiplier By Age

How much to save every month to become a millionaire.

View Resource

How Much Should You Save?

How much of your income can you replace in retirement? You can replace different portions of your income in retirement…

View Resource

Articles

Does It Ever Make Sense To Break the Money Guy Rules?

, ,

Read More

Average 401(k) Balance For a 30 Year Old (2024 Edition)

, ,

Read More

What Should Investing Look Like During Retirement?

, ,

Read More

Financial FAQs

Courses & Tools

How about more sense and more money?

Check for blindspots and shift into the financial fast-lane. Join a community of like minded Financial Mutants as we accelerate our wealth building process and have fun while doing it.

https://moneyguy.com/wp-content/uploads/2023/10/accent-icon-book.png

Millionaire Mission (Brian’s Book)

Buy Now
https://moneyguy.com/wp-content/uploads/2023/10/accent-icon-math.png

Know Your Number Course

Buy Now
https://moneyguy.com/wp-content/uploads/2023/10/accent-icon-pencil.png

The Money Guy Net Worth Tool

Buy Now

Recent Episodes

It's like finding some change in the couch cushions.

Watch or listen every week to learn and apply financial strategies to grow your wealth and live your best life.

maxresdefault 4

Will I Ever Feel Ok Spending Money for Fun?

Watch Now
maxresdefault 3 1

5 Financial Decisions That Changed Our Lives (And Can Change Yours, Too!)

Watch Now
maxresdefault 3

Is Retiring Early Really Worth It?

Watch Now