London Daily

Focus on the big picture.
Thursday, Mar 05, 2026

I used to think early retirement was the only way to live my ideal life, but I've found a better approach

I used to think early retirement was the only way to live my ideal life, but I've found a better approach

The FIRE movement seemed so appealing at first, until she realized she'd have to sacrifice to the point of deprivation to reach the end goal.

There was something so enticing to me about the financial independence/retire early movement (FIRE) when I learned about it a few years back. The idea that if you understood your numbers, you could aggressively invest, save, and reach retirement over a short period of time and begin living your best life when you hit your ideal retirement number.

FIRE folks are those people we read about retiring at the age of 32 with over $1 million saved. Or, the 27-year-old who never had debt and worked a high-paying job and optimized every financial decision in order to hit their FIRE number before 30. In retrospect, I'm surprised I felt so strongly about the FIRE movement, because nothing about my financial life would indicate that FIRE would ever be right for me.

As time went on, I started asking myself some questions about FIRE, and I realized that FIRE connects deeply with the imagined life that most people want to live and plays on that hopeful future. But it just wasn't for me.

What changed for me


I really disliked the idea that I would have to sacrifice to the point of financial deprivation for the next 10 to 12 years in order to hit my FIRE number. Part of why I disliked this is that I'd already sacrificed for years to pay off more than $60,000 in unsecured debt. I'd side-hustled, lived in a small home, and said "no" more often than not to purchases that I felt would negatively impact my debt-repayment goals.

These were great financial moves at the time, but I kept thinking about my life in the future. I started to dream about what my ideal FIRE life would look like.

* Waking up naturally without using an alarm clock

* Traveling around on road trips in my state of Colorado, visiting my relatives, or going abroad whenever I felt like it

* Pursuing intellectual interests to my heart's content

* Helping others financially or through volunteering when possible

* Going to brunch and having that bottomless mimosa

What I found problematic about FIRE was that I didn't want to wait years to live my best life. Especially because I was older than 32 when I stumbled upon this financial pursuit. In fact, I was in debt, professionally burnt out, and tired — not exactly prime for FIRE.

Also, the more I thought about the financial independence/retire early movement, the more I found myself questioning why certain very important conversations about access and finances weren't being had in the FIRE community.

The truth about FIRE


Here's the thing: The money — the FIRE math — it works. If you invest at a much higher rate than most people, have no debt, and earn a great salary, you can easily hit your FIRE goals.

But what if you're a person like me facing a ton of financial headwinds? My access to FIRE wasn't the same as the 27-year-old with no debt and a high-paying job.

FIRE relies on being debt-free. There's no way that you can invest at over 50% if you're also actively paying down debt like I was.

Plus, the more complicated your finances are, the more challenging it is to work towards FIRE. In my case, I had a very complicated debt situation. It hasn't been until recently that my finances have simplified enough that I can focus on traditional FIRE. If you're dealing with a large number of creditors, etc., this impacts your ability to focus on FIRE.

On top of that, working towards FIRE requires a financial skillset similar to paying off a large amount of debt, learning how to negotiate your wage, etc. It takes a while to get into a rhythm that is comfortable and moves you toward your goals.

There also seems to be a lot of conflict within the FIRE community about working after you hit your FIRE number, which honestly makes no sense to me. Why not work if you're enjoying it?

Things changed for me when I learned about Slow FIRE


Fortunately, there are a number of ways to approach FIRE depending on your financial philosophy and the reality of your finances. Eventually, I learned about Slow FIRE, which was incredibly attractive as a financial philosophy.

With Slow FIRE, you are investing, saving, and working towards your ultimate FIRE number, but you are likely doing this at a slower rate than regular FIRE folks who tend to approach the financial steps to obtain FIRE more aggressively. Basically, Slow FIRE practitioners are aware that it will take awhile to reach their final FIRE number. Slow FIRE adherents may still be cleaning up their financial foundation. This may look like finishing up debt repayment, lowering overall expenses, and looking to grow income. These are key steps in the FIRE journey.

Basically, Slow FIRE is similar to the regular FIRE movement with a couple of major exceptions.

* Slow FIRE practitioners focus on designing and achieving their FIRE lifestyle now. This may include working remotely in order to create more flexibility in their lives. It's also a nod to the fact they will work longer in order to hit their FIRE number. There's no work-shaming because work factors heavily into Slow FIRE.

* Work is a large part of Slow FIRE, but the emphasis is on working in a way that works best for you right now. In fact, COVID has created a huge opportunity for professionals to design their best lives now while earning an income and focusing on their future.

I appreciate that Slow FIRE is a more approachable way to begin the financial independence process.

Newsletter

Related Articles

0:00
0:00
Close
Iran Conflict Strains U.S.–U.K. Alliance as Trump and Starmer Clash Over Military Strategy
UK Interest Rates Could Rise Above Four Percent Again if Energy Shock Continues, Think Tank Warns
Starmer Defends Britain’s Iran Strategy as Badenoch Urges Stronger Military Support
Labour MP Says She Saw No Sign Husband Broke Law After Arrest in China Espionage Investigation
UK Jobless Rate Overtakes Italy’s for First Time in Years as Labour Market Weakens
United Kingdom Suspends Student Visas for Four Countries in Unprecedented Immigration Move
Campaigners Warn UK Student Visa Ban Could Push Migrants Toward Dangerous Channel Crossings
First U.K. Charter Flight for Stranded Nationals Set to Depart Oman Amid Middle East Crisis
France and United Kingdom Deploy Warships to Eastern Mediterranean as Middle East Conflict Escalates
U.K. Arrests Three Men Including Lawmaker’s Partner in Suspected China Espionage Investigation
Trump Says UK–US ‘Special Relationship’ Is Diminished Amid Middle East Dispute
UK Economic Forecasts Face Fresh Strain from Middle East Conflict and Rising Energy Costs
UK Reaffirms Close US Ties After Trump’s Public Criticism
Reeves Stresses Stability and Fiscal Discipline in UK Budget Update as Growth Outlook Shifts
UK Deploys Royal Navy Destroyer HMS Dragon to Cyprus After Drone Strike on RAF Base
Green Party Surges Past Labour in New UK Poll as Traditional Party Support Crumbles
Majority of Britons Oppose U.S. Use of UK Military Bases in Iran Conflict
UK Intensifies Evacuation Efforts from Oman, Working with Airlines to Boost Flight Capacity
Trump Condemns UK and Spain in Unusually Sharp Rift Over Iran Military Action
Trump Repeats UK Claims That Diverge from Verified Facts Amid Diplomatic Strain
UK Arrests Prominent Figures Linked to Epstein Network as Questions Mount Over US Action
Trump Says UK ‘Took Far Too Long’ to Approve Use of Airbases for Iran Strikes
Scope of Britain’s Role in the Expanding Middle East Conflict Comes Under Scrutiny
Trump Says He Is ‘Very Disappointed’ in Starmer Over Iran Comments
U.S. Embassy in Riyadh Struck by Drones Amid Escalating Iran Conflict
Starmer Confronts Strategic Test After Drone Strike Near British Base in Cyprus
Rolls-Royce Chief Signals Openness to Germany Joining UK-Led Fighter Jet Programme
UK Stocks Slip as Escalating Iran Conflict Triggers Global Market Selloff
UK Overhauls Asylum System to Make Refugee Status Temporary
Starmer Warns of ‘Reckless’ Iranian Strikes Amid Escalating Regional Tensions
British Base in Cyprus Targeted as Drones Intercepted Amid Expanding Iran Conflict
Starmer Diverges from Trump on Iran Strategy, Rejects ‘Regime Change from the Skies’
U.S. and Israel Intensify Strikes on Iran as Conflict Expands to Lebanon and Gulf States
Violent Pro-Iranian Protesters Storm U.S. Consulate in Karachi
Missile Debris Sparks Fires at Dubai’s Jebel Ali Port Near Palm Jumeirah
Iran Strikes U.S. Fifth Fleet Headquarters in Bahrain Amid Wider Gulf Retaliation
When the State Replaces the Parent: How Gender Policy Is Redefining Custody and Coercion
Bill Clinton Denies Knowing Woman in Hot Tub Photo During Closed-Door Epstein Deposition
Former U.S. President Bill Clinton Testifies on Ties to Jeffrey Epstein Before Congressional Oversight Committee
Dyson Reaches Settlement in Landmark UK Forced Labour Case
Barclays and Jefferies Shares Fall After UK Mortgage Lender Collapse Rekindles Credit Market Concerns
Play Exploring Donald Trump’s Rise to Power by ‘Lehman Trilogy’ Author to Premiere in the UK
Man Arrested After Churchill Statue Defaced in Central London
Keir Starmer Faces Political Setback as Labour Finishes Third in High-Profile By-Election
UK Assisted Dying Bill Set to Fall Short in Parliament as Regional Initiatives Gain Ground
UK Defence Ministry Clarifies Position After Reports of Imminent Helicopter Contract
Independent Left-Wing Plumber Secures Shock Victory as Greens Surge in UK By-Election
Reform UK Refers Alleged ‘Family Voting’ Incidents in By-Election to Police
United Kingdom Temporarily Withdraws Embassy Staff from Iran Amid Heightened Regional Tensions
UK Government Reaches Framework Agreement on Release of Mandelson Vetting Files
×