Reddit reviews Die Broke: A Radical Four-Part Financial Plan

I've been reading lately about the future of economic growth, and I was wondering if any of you have had similar thoughts.

First, this episode of Freakonomics features an economist who thinks the future growth of the economy will be much slower because we've already picked the low-hanging fruit of technology.

Second, I've been reading Die Broke, where the author says fulfilling work makes most people happy. He argues you should "quit your job in your head", focus on making your personal life fulfilling, and take frequent sabbaticals instead of retiring.

I'm just starting on the road to FI/RE, so it's a lot to think about. I do agree that we'll probably see slower growth (though not apocalyptic slow growth), and I do think most people find fulfilling work rewarding. It makes me lean towards the "FI then part time approach", where you save a good nest egg, then work part time while your nest egg grows.

Like I said, I still have a very long way to go, so for now I'm just saving as much as I can, but I want to think about where I see myself with this long-term.

Anybody remember when this book was in vogue?

Die Broke

Old people figured out that they don't need to pay bills.

I literally don't have an age. I'm conservative and basically my plan is simply to never reduce my capital. I.e. I have enough money to theoretically live forever.

I'm not one of the Die Broke people.

Sounds like this book might be what you're looking for: https://www.amazon.ca/Die-Broke-Radical-Four-Part-Financial/dp/0887309429

I believe this author recommends that the cheque for your funeral should bounce. (I don't recommend this)

There's a good book on this strategy -- Die Broke

I just saw someone in a finance related sub say it takes ~$2 million to live comfortably off interest (accounting for inflation) for what we can assume is a 'normal lifestyle'. Compare that to a travel punk I knew who claimed he could retire "comfortably" on $700. It's all relative. I think $300k is a nice middle option.

Personally, vandwelling makes sense for many reasons. ROI being perhaps the least important to me now, but in time it could be huge if I make it long enough to consider retirement. At the moment, however, I plan to Die Broke.

Die Broke

There's actually a book that covers this topic -http://www.amazon.com/Die-Broke-Radical-Four-Part-Financial/dp/0887309429

It was quite popular at the bank I worked at. I had a boss who really lived this value, and felt as you say - everyone should earn their way. Even Warren Buffet has commented on the fact that rich people feel welfare is a mortal sin, yet endow their kids with trust funds. Is this not welfare? Anyways, this book may help!

Prioritizing...

The Wealthy Barber: http://www.amazon.com/Wealthy-Barber-Updated-3rd-Commonsense/dp/0761513116

Understanding Your Financial Future...

Die Broke: http://www.amazon.com/Die-Broke-Radical-Four-Part-Financial/dp/0887309429

Investing...

The New Coffee House Investor: http://www.amazon.com/New-Coffeehouse-Investor-Wealth-ebook/dp/B0024CEZQC/