Quote from: Smartprofit on Today at 05:27:50 PM

The FIRE concept is a very interesting financial concept. I am currently reading many articles on this topic.

The main difficulty faced by a person who wants to achieve financial independence is how to earn the initial capital. Very often, a hired worker receives a salary that is enough only to cover current expenses (rent, utilities, travel to and from work, food, shoes, clothes, simple entertainment).

Meanwhile, for the purposes of the FIRE concept, income must significantly exceed expenses. Because it is net profit that is the source of funds for investment.

That is, an apologist for the FIRE concept must either become a highly qualified and highly paid employee or the owner of a successful business. Both tasks are quite difficult.

For those who are that having that being born on a family which does have that good financial status on which you would really be having a good start up just in case you would really be having plans on starting up some investment or business even into your early years on getting independent. Actually majority that those who would really be struggling is into those people who had entered the marriage life at early age on which they havent been able to prepared themselves and thats why on the moment that they have decided on starting up some business or investment, then they cant be able to do so not unless if they are on managerial or higher position then they could be having the budget, but what if not? You would really be just that living to pay up on daily expenses and with your debts and thats why not all people will really be that easily be trying out to get along with this FIRE plan. There are those factors on which will definitely affect your plans even if you wanted into but since that kind of incapability will definitely be a huge hindrance for you to achieve success. It is really just that easy to give out some advise like this and like that but if you are on the foot of those people then you will be able to tell that it wasnt really that easy at all. Somehow, everything could really be that possible and it will really be that up to you on how you would be handling yourself on these challenges because if you wanted to have that success in life then you will be testing out at least before making up some giving up conclusions.