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.ย
No, itโs not a Texas barbecue grill. FatFIRE refers to the abundance (โfatโ) bundle of money someone needs to gain Financial Independence, Retire Early (FIRE).ย ย ย
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.ย ย ย
Although some of FatFIREโs principles are shared with quiet quitting, the foundation of this trend involves getting rich as quickly as possible, then retiring young.ย ย ย
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. ย ย ย
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. ย
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.ย ย ย
Downturns in the stock market, inflation, unexpected medical emergencies, evolving business dealings and more can hinder someoneโs FatFIRE aspirations.ย
