For the past couple of years, we’ve been dealing with a biological virus that has turned people into fearful victims, and given tacit permission to evil to prevail in governance. But for far longer than that, we’ve been dealing with a very different plague – the plague of insecurity. In this episode I’m going to deep dive this plague, and how this is turning out.
About 2 weeks ago, my daughter called me from Tucson, Arizona. She is a senior at the University of Arizona there. She had been stopped at the traffic lights in her car, when another car rear ended her. It wasn't a big accident. Thankfully no one was hurt, and there actually was little visible damage to the back of her car.
There is a lot of interest in the FIRE (Financial Independence Retire Early) movement, but I am skeptical of whether those that achieve FI during a bull market have what it takes to make it through a bear market...
In previous articles, I have stated that the concept of FI (Financial Independence) is flawed. Although the pursuit of it is admirable, the fact is that few FI followers have been able to do this through bear markets. Consequently putting yourself on that path has some dangers. I prefer to concept of "financial sustainability" and this article gives you tangible steps to take to achieve that.