It’s no secret America has a love affair with youth. Everywhere you turn there are romanticized stories of Millennials and Gen Z-ers doing extraordinary things with their money. On top of it all, “OK, Boomer” has become a household term…and not in a good way. This historical love affair seems to have seeped into the Financial Independence Community with the focus being on people who have retired or built incredible wealth in their 20s and 30s. In my opinion, we’re not doing enough to share relatable stories that can help people of all age cohorts.
When I found the FI Community back in 2015, the youngest people retiring early were 30 or early 30s. Fast forward five years later and I’m seeing stories being picked up and shared on major media outlets that feature people hitting these goals in their 20s.
Don’t get me wrong, I think it’s amazing that we have such incredibly focused and successful young people. I just don’t think their stories are always relatable to the general population that might stumble upon the concept of financial independence after life happens – after their 30th, 40th, or 50th birthdays.
In this episode, Mr. MMM and I discuss what people on the older side of the movement can do to turn their finances around and feel included and relevant.
Show Notes:
Discussed in this episode:
- Does the FI community cater to younger people?
- Is it ever too late to start transforming your finances?
- Why America is in love with young people
- What you can do if you’re over 40 to take control of your money and be involved
- Episode 69//What’s Up Next Podcast: Is It Too late?
- Episode 152//Choose FI: Is It Too Late?
Noteworthy links:
- The New FI: Forget Financial Independence, Achieve Financial Improvement First
- Mad Money Monster Interview With The ChooseFI Podcast
- The Long And Sometimes Windy Road To Financial Independence – Vol. 1
- PODCAST: 5 Things We Hate About The FIRE Movement
