The FIRE revolution 14 January 2020 at 7:23PM edited 30 November -1 at 12:00AM in Savings & Investments 51 replies 5.8K views

C_Mababejive

Saw this one doing the rounds on FB. Looks like you sign up to a course to learn to trade binary options or similar and get Rich

https://fire-revolution.co.uk/

TBC15

The poor !!!!!! can’t afford a razor, is this a charity?

CanadianDream

Personally I don't trust these sort of websites, you're making them rich not you.


FIRE is about retiring early and there are plenty of free resources on how to do it.

Snow_Dog

Shouldnt be doing the rounds on faceache as they technically have banned binary options adverts - though if this is advertising a course in how to gamble in a rigged game then that may be their get out clause.

iglad

This is just there to sell you a package of his nonsense and rip you off as it won't make you financially independent or be able to retire early.

File under scam

MaxiRobriguez

The people who get caught up in this will soon know FIRE as: Financially Irresponsible, Retrospection Essential.

droopsnoot

I signed up for his mailing list based on it being FIRE-releated (even though it's a bit late for the "E" part for me) but it's not really. I still get emails trying to flog me stuff, but I can't say I've read any since the first couple.

Sir_Robin

The FIRE communities I’ve seen are extremely frugal and advocates for diversified passive investing.
Paying for a dodgey course on trading is pretty much the last thing they’d do.

lalman

I am currently 33, and think Mr Money Moustache is good for FIRE movement.

I have 4 BTL's now and a full time job, and worked out i need 8 before i achieve FIRE.

I have found it a lot harder in the UK to achieve FIRE than our American counterparts... it just feels they have more disposable income/ cheaper housing to achieve it quicker.

bostonerimus

Sir_Robin wrote: »

The FIRE communities I’ve seen are extremely frugal and advocates for diversified passive investing.
Paying for a dodgey course on trading is pretty much the last thing they’d do.

I couldn’t agree more. That website is the antithesis of the conventional FIRE movement. The site asks if you are happy with the income your investments generate, and I can honestly answer “yes”, because I have followed the FIRE principles of frugality and investing in low cost funds for the past 30 years. FIRE takes discipline and time, but it can work and I retired when I was 52 with no debt and complete financial independence.....even from the stock market.

iglad

MaxiRobriguez wrote: »

The people who get caught up in this will soon know FIRE as: Financially Irresponsible, Retrospection Essential.

Financially Illiterate Regrettably Expensive