Author Topic: FIRE Blog Feedback Loop  (Read 2934 times)

EscapeVelocity2020

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FIRE Blog Feedback Loop
« on: June 22, 2017, 09:41:37 PM »
So...  despite the heavy subject line, I hope to get an interesting discussion going.  After the latest 'Recession is Coming' post from MMM, a Reddit about it popped up on my phone.  The a top up-voted post (at this time) caught my attention:

The funniest thing to me about that post was how many different people in the comments run their own blogs, and are likely just posting to have that fancy link to their blog in the comments. Make no mistake - MMM got me started on the FIRE path but I think a lot of people took him more literally.

There was also a lame attempt by RootofGood to get people to go to his PersonalCapital affiliate link on his Twitter feed (https://twitter.com/RootofGoodBlog/status/877967851100962816).

So is FIRE becoming more about making money off of the idea of FIRE than being altruistic and selfishly helping other people?

Thoughts?


oneyear

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Re: FIRE Blog Feedback Loop
« Reply #1 on: June 23, 2017, 02:17:43 AM »
yes

matchewed

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Re: FIRE Blog Feedback Loop
« Reply #2 on: June 23, 2017, 05:18:35 AM »
Depends on where the profits are going. If it helps people and the money is being funneled to help people then it is a pretty damn altruistic thing.

If the money doesn't get funneled to help people but the advice is helpful then it's still a good thing. Good things don't have to be altruistic. Whoever demanded it be about altruism?
« Last Edit: June 23, 2017, 05:29:19 AM by matchewed »

aceyou

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Re: FIRE Blog Feedback Loop
« Reply #3 on: June 23, 2017, 05:56:06 AM »
I've noticed it too but don't mind too much.  The more financial incentive there is in spreading FIRE concepts the more people will be spreading the message, and the harder they will do it. 

My concern is that it goes to he point of diluting the idea so that people think they are working towards FIRE, but aren't. 

For example, the food industry notice a trend against fat, so they'd fill food up with sugar and advertise it as FAT FREE.  Or they'd load it up with synthetic chemicals, and label it SUGAR FREE.  The industry knows they actually making people less healthy, but promotes it as health.  That's an example of the kind of thing that puts me over the top. 

Regarding the root of good guy, I'm fine with a little shameless promotion, even though it's a little over the top in the example you showed.  His site is pretty authentic, and he seems to actually live the way he preaches.  Moreover, he occasionally adds something new to the discussion.  Here's something that I found unique regarding social security that I haven't found explained on other FIRE sites:
 http://rootofgood.com/early-retirement-social-security/.  I wouldn't put him near the level of Fadfientist/Afford Anything/JL Collins/GoCurryCracker, and some others in terms of original content, but I'd say he's one of the "good guys":) 

And the Mad Fientist gives unique perspective on Roth Conversions, and GoCurry Cracker on using deductions/exemptions/geo arbitrage/businesses to reduce taxes, Paula Rant on her real estate perspective, Collins for stock advice.

If people are adding new content like the people mentioned above, I'll read it.  And if they are just sharing their personal journey, then I probably won't read it, but I definitely support it, even if there's a little shameless promotion. 

EscapeVelocity2020

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Re: FIRE Blog Feedback Loop
« Reply #4 on: June 23, 2017, 09:39:55 AM »
If the money doesn't get funneled to help people but the advice is helpful then it's still a good thing. Good things don't have to be altruistic. Whoever demanded it be about altruism?

That's a good point.  As long as people realize it is not necessarily a 'service' but a business, then no harm no foul.  Reminds me of how cable TV and MTV in specific went from ad-free to sponsored to outright 'programming'' and ads. 

Also thanks Aceyou, very good post!  Fadfientist indeed
« Last Edit: June 23, 2017, 09:45:16 AM by EscapeVelocity2020 »

fiveoh

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Re: FIRE Blog Feedback Loop
« Reply #5 on: June 23, 2017, 01:27:51 PM »
Agree.  Blog about saving and scraping for fi,blog income then makes you fi + more = huge irony

Gondolin

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Re: FIRE Blog Feedback Loop
« Reply #6 on: June 23, 2017, 01:54:44 PM »
When had FIRE been about altruism?

The FIRE world is a micro-niche with a static message. That niche quickly became saturated with MMM imitators and, with nothing really new to say on the subject, all these blogs have feed off each other just to maintain some activity level.
« Last Edit: June 23, 2017, 04:16:05 PM by Gondolin »

matchewed

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Re: FIRE Blog Feedback Loop
« Reply #7 on: June 23, 2017, 03:12:14 PM »
Agree.  Blog about saving and scraping for fi,blog income then makes you fi + more = huge irony

I don't think we share the same definition of irony. :)

 

Wow, a phone plan for fifteen bucks!