Using Kate Soper’s concept of ‘alternative hedonism,’ the article analyzes a selection of five self-help books and one blog that promote lifestyle minimalism in order to interrogate their potential in stimulating de-growth eco-politics through popular culture. This article questions these narratives in terms of eco-politics. Narratives range from lifestyle advice on simplicity and de-cluttering private homes, to quests for the reduction of individual labor, communication, social contacts and distraction. The post-2008 financial crisis era has seen an upsurge in popular cultural narratives that implicitly challenge principles of economic productivity, consumption and growth by lamenting a so-called ‘world of too much,’ advocating ethics of minimalism, and renouncing everyday busyness. They conclude that initiatives aimed at increasing financial well-being need to clearly target either its current or its future component as their antecedents differ. They observe income to be a significant predictor of both components of financial well-being, while institutional settings are correlated with current financial well-being and national culture with future financial well-being. The authors analyze the effects of individual and contextual factors on current and future financial well-being and explore their possible interaction. Furthermore, although many studies use unidimensional financial well-being measures, some conceptualizations have at least two components: a current and a future element. The findings highlight methodological concerns in international marketing studies and show not only financial well-being but also its measures to be context dependent. To this area of research by proposing a conceptual framework and reassessing a measure used in data on subjective financial well-being from 16 countries. Yet, there is no consensus on its conceptualization or its operationalization. Using semi-structured interviews with leading FIRE advocates and analysis of books and blog content, this paper assesses the ambivalent moral economy of FIRE, to understand how and why individuals seek this unusual relationship to capitalism, that pursues the status of rentier through the strategic rejection of materialism.įinancial well-being-the evaluation of current personal finances and expectations for the financial future-has gained attention in research, practice, and policy.
At the same time, this freedom is predicated on passive investment in the stock market and reliance on financial techniques for representing the future. Freedom comes to consist not only in independence from the labour market, but also from materialism, consumerism, and consumer debt. While it shares certain features in common with other ‘financial independence’ ideologies and self-help communities, one thing that distinguishes it is the emphasis on frugality. It’s smart to utilize the additional benefits that credit cards offer- for instance the 60,000 points that come with the Chase Sapphire Preferred® Card.The Financial Independence Retire Early (FIRE) community consists of individuals each personally dedicated to reducing consumption, so as to build up financial surpluses that are eventually adequate to live off. Extra cash – And regardless of where you are on the path to financial independence, we believe in the responsible use of credit cards.The MadFientist does a great job crunching the numbers and explaining why you should still be investing within a retirement account, even if you’re planning to retire early.If you just want to play around with your own numbers check out the early retirement calculator at Networthify. Money Mustache’s 2012 post, the Shockingly Simple Math Behind Early Retirement is a classic and changed how many viewed retirement- including yours truly. If you’re looking for a deeper dive into the Pros and Cons of the FIRE Movement….So we’ll talk about the different types of FIRE and then some of the most important tactics to consider on your path to achieving financial independence. Just like those books we loved in the 90’s you get to choose your own adventure! From leanFIRE to fatFIRE and everything in between, there are a variety of lifestyles we can aspire to. We have friends who have completely rejected that idea and have retired in their 20s and 30s, but the most important thing to keep in mind is that the pursuit of financial independence doesn’t have to look a specific way. This movement came about as an entire generation began to push back against the notion of traditional retirement- working hard in a job you hate so that you can kick back when you’re 65.
This episode is all about FIRE which stands for Financial Independence Retire Early.
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