There’s a FIRE spreading in the world of personal finance. FIRE is the acronym that stands for “Financial Independence, Retire Early.” It’s popular with Millennials (which Pew Research now defines as anyone born between 1981 and 1996, or ages 22 to 37 in 2018) who want to escape soul-sucking jobs that don’t reflect their values. The movement has added to the chorus of naysayers, who complain about the generation’s work ethic, but I believe that FIRE followers are doing what they should be doing: taking control of their financial lives.
Read MoreMichael Jackson, Prince, Aretha Franklin…these three amazing and wildly successful musicians did not have a will. How could that be, you ask? Don’t they have agents, lawyers and accountants? Didn’t they know at some point they were going to die? “That’s irresponsible,” you say, but welcome to the real world, where even famous people can’t seem to get their acts together to address this difficult topic head on.
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