Quiet quitting has nearly everyone abuzz about what it means to set boundaries between work and life. But a new trend is coming to take the crown: FatFIRE.
No, it’s not a Texas barbecue grill. FatFIRE refers to the abundance (“fat”) bundle of money someone needs to gain Financial Independence, Retire Early (FIRE).
Quiet quitting refers to the compartmentalization of work and life, where someone does what they are expected to do at their job without being fully immersed or engaged.
Although some of FatFIRE’s principles are shared with quiet quitting, the foundation of this trend involves getting rich as quickly as possible, then retiring young.
Many of those that follow the FatFIRE ideology are white-collar professionals, such as those working at tech companies, law firms or are part of the startup community.
Instead of spending money on extracurriculars now, these followers reserve a chunk of their income to go towards investments and other modes of passive income. For many, the goal is to accrue a portfolio of $2.5 million.
While there is certainly an argument for what can only be described as short-term hustle culture, many factors exist that can put a damper on this process.
Downturns in the stock market, inflation, unexpected medical emergencies, evolving business dealings and more can hinder someone’s FatFIRE aspirations.
