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	Comments on: What Happened to Frugality?	</title>
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	<description>Funding the Adventurous Life</description>
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		<title>
		By: Phillip		</title>
		<link>https://clippingchains.com/2023/07/17/what-happened-to-frugality/#comment-2274</link>

		<dc:creator><![CDATA[Phillip]]></dc:creator>
		<pubDate>Mon, 17 Jul 2023 22:18:32 +0000</pubDate>
		<guid isPermaLink="false">https://clippingchains.com/?p=9549#comment-2274</guid>

					<description><![CDATA[Thanks for providing written form! I don&#039;t do podcasts.

IMO, unless you&#039;ve are able to FATfire (e.g. $3M+ in investable assets and a paid off house), the &quot;spending problem&quot; these bloggers are writing about may have a much different inpact on a reader&#039;s personal situation vs these bloggers. The bloggers I read who write on this &quot;I need to spend more&quot; issue are all multi-millionaires.]]></description>
			<content:encoded><![CDATA[<p>Thanks for providing written form! I don&#8217;t do podcasts.</p>
<p>IMO, unless you&#8217;ve are able to FATfire (e.g. $3M+ in investable assets and a paid off house), the &#8220;spending problem&#8221; these bloggers are writing about may have a much different inpact on a reader&#8217;s personal situation vs these bloggers. The bloggers I read who write on this &#8220;I need to spend more&#8221; issue are all multi-millionaires.</p>
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		<title>
		By: Frugal Jon		</title>
		<link>https://clippingchains.com/2023/07/17/what-happened-to-frugality/#comment-2273</link>

		<dc:creator><![CDATA[Frugal Jon]]></dc:creator>
		<pubDate>Mon, 17 Jul 2023 11:55:34 +0000</pubDate>
		<guid isPermaLink="false">https://clippingchains.com/?p=9549#comment-2273</guid>

					<description><![CDATA[I’ve noticed a similar thread with the bigger FIRE blogs. There’s more emphasis on spending than hardcore savings. The shift in the FIRE movement came from external pressures (media calling us weirdos) and internal ones (don’t be miserable on the way to FIRE). The spending message is popular because people like to be told they can spend more and still be FI. 

An important point to make is that the big FIRE bloggers are already well past fat FIRE. As you pointed out, many of them were living very frugally during the massive bull market of the 2010’s and are now multi-millionaires. Of course they can afford to give themselves extra luxuries now. And they’ve earned it, since they aren’t hurting themselves financially. For people who are just starting out though, they aren’t seeing the journey that got the FIRE bloggers to this point. You can’t spend your way to financial independence. That being said, having a strong savings rate but spending on things that greatly improve your life is a more sustainable path than the OG Mr. Money Mustache/early retirement extreme brand of FIRE. Enjoy those craft beers with friends!]]></description>
			<content:encoded><![CDATA[<p>I’ve noticed a similar thread with the bigger FIRE blogs. There’s more emphasis on spending than hardcore savings. The shift in the FIRE movement came from external pressures (media calling us weirdos) and internal ones (don’t be miserable on the way to FIRE). The spending message is popular because people like to be told they can spend more and still be FI. </p>
<p>An important point to make is that the big FIRE bloggers are already well past fat FIRE. As you pointed out, many of them were living very frugally during the massive bull market of the 2010’s and are now multi-millionaires. Of course they can afford to give themselves extra luxuries now. And they’ve earned it, since they aren’t hurting themselves financially. For people who are just starting out though, they aren’t seeing the journey that got the FIRE bloggers to this point. You can’t spend your way to financial independence. That being said, having a strong savings rate but spending on things that greatly improve your life is a more sustainable path than the OG Mr. Money Mustache/early retirement extreme brand of FIRE. Enjoy those craft beers with friends!</p>
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