FIRE: "Who becomes financially independent often experiences an existential crisis"
US author Vicki Robin is considered the intellectual pioneer of the FIRE movement. How she managed to become financially independent at an early age - and why she now views the frugalist scene critically.
The FIRE movement, which stands for "Financial Independence, Retire Early", aims to achieve independence from employment by living off one's own wealth, dividends, interest, rental income, and passive income. The trend originated in the US and gained popularity around 2010 through online forums and blogs, including "Mr. Money Mustache" by Pete Adeney, who retired at 30.
Vicki Robin, an 81-year-old US author, is considered a pioneer of the movement, having achieved financial independence in the 1980s through low expenses and high interest on US government bonds. Robin shares her insights on her journey and the philosophy behind FIRE in an interview with Handelsblatt.
Written by urgent.news from Handelsblatt's report — not a translation of it. Machine-written — may contain errors; check the original before relying on it.
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