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Around the Internet => Continue the Blog Conversation => Topic started by: fdhs_runner on October 18, 2018, 08:32:19 PM

Title: Suze Orman and What Everybody Is Getting Wrong About FIRE
Post by: fdhs_runner on October 18, 2018, 08:32:19 PM

Surprised there isn't already a thread on this. I saw the story first on Paula Pant's blog, then Market Watch, then here: https://www.mrmoneymustache.com/2018/10/05/the-fire-movement/

I started reading through Paula Pant's transcript of the interview via PDF and so far the key takeaway for me has been; 'Suze lives in an alternate universe. It's like she lives on a different planet than I do.'

She claims that 80k a year isn't enough to retire on. I don't make 80k a year now, working full time. She said a couple times "80k pre-tax". I guess it's been a few decades since her income was below that number; as most here are fully aware a couple married filing jointly can make 72k in long term gains tax free. 80k pre-tax is basically the same thing as 80k post-tax.

That's as far as I've bothered to read into it so far, but her grasp of US tax law seems rather weak. Her grasp of life for average joes seems non-existent.

Title: Re: Suze Orman and What Everybody Is Getting Wrong About FIRE
Post by: MDM on October 18, 2018, 08:58:30 PM

See Suze Orman hates FIRE (https://forum.mrmoneymustache.com/welcome-to-the-forum/suze-orman-hates-fire-97275/).

Title: Re: Suze Orman and What Everybody Is Getting Wrong About FIRE
Post by: DS on October 19, 2018, 08:45:21 AM

See Suzie Says You Must be a $9 Million Man/Woman to Retire (https://forum.mrmoneymustache.com/antimustachian-wall-of-shame-and-comedy/suzie-says-you-must-be-a-$9-million-manwoman-to-retire/)

Title: Re: Suze Orman and What Everybody Is Getting Wrong About FIRE
Post by: Bayou Dweller on October 25, 2018, 07:26:11 AM

I don't think anyone should be surprised by her reaction to this.

Even MMM said in the comments that him and his FIRE-blogging friends weren't. They just decided to capitalize on her tantrum to reach a wider audience.

Title: Re: Suze Orman and What Everybody Is Getting Wrong About FIRE
Post by: reeshau on October 31, 2018, 10:51:45 AM

Suze has since softened her tone a bit. (https://affordanything.com/without-fi-there-is-no-fire/)

Title: Re: Suze Orman and What Everybody Is Getting Wrong About FIRE
Post by: Car Jack on November 01, 2018, 01:00:51 PM

FIRE in reality is more like changing careers and backpedaling.

Suze sounds like she's been living on a private island, disconnected for a few years and just "discovered" the FIRE movement.  Why's that?  Maybe because she's been living on a private island, disconnected for a few years.

I listened to her rant.  The whole freaking interview really was a rant.  Ok, so she had to spend $2.5M on her ailing mother.  BFD.  That does not mean that everyone is stuck with the requirement of having $50M before leaving the rat race.