Comments by "mplslawnguy" (@mplslawnguy3389) on "How to Retire Early (The 4% Rule?)" video.

@meowymeow282 Nobody is retiring at 33 or less unless they make a very high income and save almost all of it right out of the gate. That's a pipe dream. I laugh when I see FIRE people that are like 30 thinking they can survive the rest of their lives on $1million or less. They're in for a rude awakening when they're 50.
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@MAILER-DAEMON There's a lot to criticize the FIRE movement for. I think living like you're trying to FIRE is a good thing, however people grossly underestimate how much you need to live off investments the rest of your life when you retire that young. Most of these people would need to stay pretty aggressive to produce enough income. A crash would be absolutely devastating, especially when they've been out of the workforce for a long time, say in their late 50's. Good luck.
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@matejsvec4451 I hate holding lots of cash, but I don't see any other way to weather a bear market. I also feel like a lot of people looking at FIRE, have never really lived through a recession, and they can't really appreciate just how scary it can be. A lot of these younger people have only known a bull market. Not their fault, but when the shit hits the fan, you will see what you're really made of, and whether you have a strong stomach or not. Most people make terrible decisions unfortunately.
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Russell Matthew Check out Dixzone, I think you guys will love it.
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