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How to talk about FIRE and money with family?

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  • #922
    FIREtime
    Participant

    Do you talk about your FIRE plan with your friends and family? We started out about 9 years ago and about to FIRE but we rarely talk about it with anyone we know, because we’re both still working nothing has changed yet. But when we stop there will be some questions.

    What are your thoughts with talking about finance and FIRE? It’s going to be a weird conversation with the family when we stop working

    #923
    TheHouse
    Participant

    Its never easy. Although im not in your same position I have gone through something similar with my close friends. I generally wait until my friends bring up the subject. I’ll alluded to some of my investments/financial position and if they seam generally interested Ill let them know more.

    #925
    FIREtime
    Participant

    Its never easy. Although im not in your same position I have gone through something similar with my close friends. I generally wait until my friends bring up the subject. I’ll alluded to some of my investments/financial position and if they seam generally interested Ill let them know more.

    Thanks. yeah, I try to approach the subject very carefully however most the people around me don’t seem to have any interest in personal finance or investing so have no clue about fire.

    #927
    LumberJack
    Keymaster

    Do you talk about your FIRE plan with your friends and family? We started out about 9 years ago and about to FIRE but we rarely talk about it with anyone we know, because we’re both still working nothing has changed yet. But when we stop there will be some questions.
    What are your thoughts with talking about finance and FIRE? It’s going to be a weird conversation with the family when we stop working

    I have also struggled with bringing up FIRE to family and friends. A lot of people don’t like talking about finance for a variety of reasons. I hope you find a good way to approach the subject. It sounds like you have done great and put in a lot of hard work, congratulations on the upcoming FIRE.

    #1093
    FIREtime
    Participant

    Bit of an update. We had lunch with some friends last week and explained that we are cutting back work next year. There were a few questions about it but explained that we had been saving for quite some time and cutting expenses. Didn’t explain the whole FIRE thing but when asked we gave them some good resources to start reading.

    #1111
    Investing Discussion
    Keymaster

    Good to hear that things went well. I tend to not approach the topic unless I’m asked about FIRE related matters. But if someone is generally interested in discussing it, I’m happy to talk about it.

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