Non-investing personal finance issues including insurance, credit, real estate, taxes, employment and legal issues such as trusts and wills
6 posts • Page 1 of 1
There has always been a response to MMM principals that if everyone embraced them the economy would suffer. Now I understand this is extreme as MMM principals would not shut down schools and other businesses, however it does seem similar in a way (no dining out, shopping, gasoline, etc.).
Yes, I think so. However, most of these 3+ million filers for unemployment will not start early retirement blogs.
Given that his income derived from his blog there will always be clickbait because that’s required for a highly successful site.PhillyPhan wrote: ↑Thu Mar 26, 2020 8:19 amIn hindsight, is it safe to say his recommendations for "fluff" economic activity (in his view) were reckless or not?
I’m a fan of FIRE even if I’m a bit old for the E part but all the popular sites have to be taken with a grain of salt.
No. The world needs fluff, so it is not safe to say that. Indeed, if one has a lot of fluff spending, then that may make one more anti-fragile if they have built up a nest egg. For instance, if we take charitable giving out of our budget and eating out 5 nights a week, then our spending goes way down if we want it to.
One might say though that one should not have a job providing fluff to others.
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