Early retirement myth

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unclescrooge
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Early retirement myth

Post by unclescrooge » Thu Jun 21, 2018 1:04 pm

Does anyone else get super irritated with all these bogus articles about people who retired in their 30s, but fail to mention they have a blog on how to retire early that probably pulls in 6 figures?

Here's another example: http://time.com/money/5318609/8-people- ... g-20s-30s/

The article quotes several 30 year olds, each of which quit their day job to travel and they still have their blogs pulling in income for them. Probably not quite the Mustache Money level, but still not technically retired.

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corn18
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Re: Early retirement myth

Post by corn18 » Thu Jun 21, 2018 1:06 pm

Doesn't irritate me. Wish I could do that.
Don't do something, just stand there!

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Pajamas
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Re: Early retirement myth

Post by Pajamas » Thu Jun 21, 2018 1:08 pm

It's a bubble, just like the bubble of travel bloggers who earned their living by blogging. Only a limited number of people can do that successfully but they will inspire many others to try it. Same for playing games on Twitch, being a YouTube celebrity, etc.

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knpstr
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Re: Early retirement myth

Post by knpstr » Thu Jun 21, 2018 1:09 pm

No, it doesn't bother me.

Most people in retirement still do something. Some happen to make money doing what they do for fun, some don't.

I won't say you're not retired if you have rental real estate and index fund income coming in.
Very little is needed to make a happy life; it is all within yourself, in your way of thinking. -Marcus Aurelius

bloom2708
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Re: Early retirement myth

Post by bloom2708 » Thu Jun 21, 2018 1:13 pm

To me, I don't get irritated. Perhaps a bit jealous.

Financially Independent is the better term.

I call it the "FI trap" because it sounds good. Looks good. But, most people aren't willing to do the things (long term/short term) to do what a select few are doing. So, we trudge along with the FI carrot dangling in front. Dangle.
"People want confirmation, not advice" Unknown | "We are here to provoke thoughtfulness, not agree with you" Unknown | Four words: Whole food, plant based

Chip
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Re: Early retirement myth

Post by Chip » Thu Jun 21, 2018 1:19 pm

It irritates me about the same amount as people who say "I'm a vegetarian plus I eat chicken and fish". :P

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JoeRetire
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Re: Early retirement myth

Post by JoeRetire » Thu Jun 21, 2018 1:21 pm

unclescrooge wrote:
Thu Jun 21, 2018 1:04 pm
Does anyone else get super irritated with all these bogus articles about people who retired in their 30s, but fail to mention they have a blog on how to retire early that probably pulls in 6 figures?
It's doesn't really bother me.

Some people and writers just choose to define "retire" loosely rather than explain the concept of quitting a traditional job in favor of a less traditional job.
Very Stable Genius

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cruzbay
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Re: Early retirement myth

Post by cruzbay » Thu Jun 21, 2018 1:24 pm

Tanja on Our Next Life blog covered this subject:
https://ournextlife.com/2018/03/21/fire ... manifesto/

She calls for transparency by the FIRE bloggers to not mislead their readers into thinking that they are not still making an income. She isn't against it, of course, just thinks that it is unfair to portray early 'retirement' when still working and earning.

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Re: Early retirement myth

Post by Jack FFR1846 » Thu Jun 21, 2018 1:26 pm

The labels are all wrong.

Pete never retired. He quit his programmer job to do manual labor. He works doing construction now, essentially. I suppose I could quit my engineering job and go work at Home Depot if I really liked the idea of working at Home Depot.

Then there's the $400k that magically comes from doing nothing.
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aristotelian
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Re: Early retirement myth

Post by aristotelian » Thu Jun 21, 2018 1:34 pm

I get irritated with anything preachy or self-promotional. Could be about early retirement, or working until you're 70. Personally, I am very interested in early retirement and financial independence, but bad writing is bad writing.

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unclescrooge
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Re: Early retirement myth

Post by unclescrooge » Thu Jun 21, 2018 1:40 pm

Chip wrote:
Thu Jun 21, 2018 1:19 pm
It irritates me about the same amount as people who say "I'm a vegetarian plus I eat chicken and fish". :P
LOL.
I get irritated by vegetarians that don't actually eat any green vegetables, but mostly fried carbs and then tell me that eating red meat is bad for me.

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unclescrooge
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Re: Early retirement myth

Post by unclescrooge » Thu Jun 21, 2018 1:43 pm

Jack FFR1846 wrote:
Thu Jun 21, 2018 1:26 pm
The labels are all wrong.

Pete never retired. He quit his programmer job to do manual labor. He works doing construction now, essentially. I suppose I could quit my engineering job and go work at Home Depot if I really liked the idea of working at Home Depot.

Then there's the $400k that magically comes from doing nothing.
Yeah, I think self-employed is a better term.

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unclescrooge
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Re: Early retirement myth

Post by unclescrooge » Thu Jun 21, 2018 1:44 pm

bloom2708 wrote:
Thu Jun 21, 2018 1:13 pm
To me, I don't get irritated. Perhaps a bit jealous.

Financially Independent is the better term.

I call it the "FI trap" because it sounds good. Looks good. But, most people aren't willing to do the things (long term/short term) to do what a select few are doing. So, we trudge along with the FI carrot dangling in front. Dangle.
Maybe I'm bitter!

I had a PF blog in 2009 that was pulling in $3k/month. I thought it wasn't worth the effort of continuing it since white-collar jobs pay so much more.

Of course, all of these PF blogs have now matched my white-collar job and in some cases, far exceeded it.

livesoft
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Re: Early retirement myth

Post by livesoft » Thu Jun 21, 2018 1:44 pm

unclescrooge wrote:
Thu Jun 21, 2018 1:43 pm
Yeah, I think self-employed is a better term.
I like "Married."
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Re: Early retirement myth

Post by prudent » Thu Jun 21, 2018 1:45 pm

This thread has run its course and is locked (general rant, not actionable).

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