FIRE: "Who becomes financially independent often enters 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.
Vicki Robin, an 81-year-old US author, is considered a pioneer of the FIRE (Financial Independence, Retire Early) movement. Her book "Your Money or Your Life", first published in 1992, has sold nearly two million copies and aims to change how people think about money, focusing on conscious consumption and saving. Robin and her co-author Joe Dominguez developed a nine-step method to achieve financial independence, which involves tracking expenses, evaluating their impact on happiness and freedom, and eliminating unnecessary spending.
The goal is to live frugally and save enough to be independent of employment, allowing individuals to pursue their passions and live life on their own terms.
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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