The FIRE Movement Is Stupid for Only One Reason

Sergey Faldin wrote about why the FIRE Movement (Financial Independence Retire Early), is stupid to him for several reasons.

I agree with him. But I think my biggest issue with such movement is that they focus on the wrong problem.

Most people have an income problem, not an expense problem, when it comes to financial independence.

Focusing on the percentage of income saved could be very misleading. Let us do a thought experiment. Is it harder to save 50% of an annual income of $100k, or 35% of an…