The “FatFire” movement, where people hustle, acquire wealth quickly and retire early with large sums of money continues to grow in popularity. NBC News’ Jake Ward has the story of a former entrepreneur who uses social platforms to share financial literacy tips for the evolving trend.
» Subscribe to NBC News: http://nbcnews.to/SubscribeToNBC
» Watch more NBC video: http://bit.ly/MoreNBCNews
NBC News Digital is a collection of innovative and powerful news brands that deliver compelling, diverse and engaging news stories. NBC News Digital features NBCNews.com, MSNBC.com, TODAY.com, Nightly News, Meet the Press, Dateline, and the existing apps and digital extensions of these respective properties. We deliver the best in breaking news, live video coverage, original journalism and segments from your favorite NBC News Shows.
Connect with NBC News Online!
NBC News App: https://smart.link/5d0cd9df61b80
Breaking News Alerts: https://link.nbcnews.com/join/5cj/breaking-news-signup?cid=sm_npd_nn_yt_bn-clip_190621
Visit NBCNews.Com: http://nbcnews.to/ReadNBC
Find NBC News on Facebook: http://nbcnews.to/LikeNBC
Follow NBC News on Twitter: http://nbcnews.to/FollowNBC
#NBCNews #FatFire #Retirement
source
It’s not quiet quitting. It’s acting your wage.
Most people can hardly pay the mortgage. Retiring early is a rare privilege. A little awareness, please.
The problem with this strategy is that the operating cost as an American is $29k bare minimum and not all jobs are paying $75k or more out of college without masters/certifications which how do you get without anchoring debt from the start. People want to work in my opinion 40-55hrs a week no problemo but they also need to make no less than $1k a week to have a sense of fulfillment otherwise we’re all just showing off how well we can starve ourselves while the CEOs of some companies literally have filed bankruptcy and gotten millions in bonuses in the process; where’s the value in that?!
I got cured from Herpes virus after using Dr OSABA herbal medicine, I got my medicine from Dr OSABA within 7working days through UPS delivery service, you can contact Dr OSABA on his YouTube channel for help .
This video has nothing to do with FatFIRE. FatFIRE is about being so fat that your lifestyle is lavish. lavish travel, expenses etc.. This video talks about 'reducing your expenses'. That's lean FIRE
Easy for those where things come easy…
Lol trying to get people back to work. Nah….
Watch @2:08 Reduce Costs like getting a roommate. Too many people think they are entitled to their own place and live beyond their means leading to reduced supply of rentals and higher rents.
yea,they think they can live the next 40yrs without working lol.
good luck with that. let's see where he is in 20yrs……..
I'm glad the guest (Jake) clarified it (FIRE) was only people that were making a minimum of $200K USD that are able to do this.
So, the rich get richer and the rest of us pay for the privilege of watching them… 🤔 Got it. 🤨
Why dont we prolong our days into 36hrs, or even change the work-rhythm into a high-energy production from robots and Humans focus more on life instead of work? People aren't motivated when working at a set wage and yearn for millions immediately.This quitting is an indirect result from this
Unless you're in the Biden cartel how are you supposed to make any money with this socialist Pig running the country raising inflation let alone retiring that's just a dream
P.e.o.p.l.e are H.u.n.g.e.r,losing Apt. because of R.E.N.T going up. The R.i.c.h D0. N0T C.are about Y.0.U.,just their $. A.m.e.r.i.c.a.is f.a.l.l.i.n.g. Fast. Look back in H.i.s.t.o.r.y!!!!!!!! We Will F.a.l.l.
Why is everything a "Movement"👀👀🤔
I'm glad I retired at 32 . . .it made me realize there is no such thing as Retirement. You can take time off but the World is only going to become more costly 🤦♂️
Owning nothing, buying used cars , having no car payments, debt free, thrift store shopping, not eating fast food, no addictions or compulsions, selling what I don't need or use anymore isn't so bad, it's a process of mental challenge and faith that this is NOT my home, my home is in heaven! Salah
OHHHHH NO NO NO NO NO…. Entry level coders DO NOT make $200k to start!!!! That's just bunko right there. Try $60k, if you're lucky.
This is a bit extreme I'd say maybe work hard and save hard and be able to Semi- retire and work like 2 or 3 day's a week and enjoy life more.
Why does this sound like propaganda to explain the labor shortage subsidized by the federal government?
Tangible resources extracted by force from overseas extortion you cant possibly understand. Or ethically stomach. Dont lose useful skills the dollar is not currency when dog food runs out. Then you pay in blood or sweat . My dogs wont go hungry
In spite of the economic downturn and inflation crisis we all face, I'm so happy ☺I have been earning $ 60,000 returns from my $9,000 investment every 14days
This sounds like propaganda
How is it a "movement" if only 2% of the population even have it as an option? I think the word you're looking for is "aberration".
Get rich and retire young — what's new about that? (Nothing.)
It's just a new name for the same old improbable dream.
Work does not define my sense of purpose. My purpose is to enjoy my time on this planet and not spend it grinding away at some soul sucking job where you are viewed as slave labor for little pay. People are waking to the realization that one can work very hard, destroy ones health and STILL not get ahead. I'm glad people are putting value on themselves first.
Yes, this is possible for 98% of the global workforce, right? Most of us are not underpaid at work and overcharged for rent, right?
Quiet quitting isn't happening because we're paid our fair salary for the work and hours we put in at the cost of everything else in our lives, right?
So much incorrect info. Do better research. SMH 🤦🏻♂️
"This is not something that nurses are doing"
Uh… do you know how much nurses make in california?? Plenty of them make more than the average doctor.