What do you want to be when you give up?
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- Aug 6, 2019
The FIRE movement is a ‘motivational platform’ to get people thinking about their future financial stability, he says
From the article:
MarketWatch: A lot of people in their 20s and 30s might not want to retire too early but they have a savings number in mind that would give them financial independence. How important is it to achieve financial independence and what does that mean for you?
O’Leary: It means that at the back-end of your life, you have the freedom to pursue the things that matter to you, whether that’s family, children, travel or hobbies that are important to you. The whole idea of wealth is happiness. I try to tell people, look, if you don’t want tremendous stress in life, because a lot of stress can be unhealthy, you have to have a plan that allows you to have a lifestyle you want to have when you’re past 60 years old.
MarketWatch: Was there a time you can remember when you felt you had achieved financial independence?
O’Leary: I was very fortunate. One of my companies was a huge success. It started in a garage and we sold the Learning Company for $4.2 billion. All the founders overnight had this big liquidity event.
Just another perfect example of peddling the Slowlane while getting rich in the Fastlane....
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