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Author: decath Big gold star, 5000 posts Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 5069  
Subject: Re: Looking back... Date: 8/6/2010 9:35 AM
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Hello all.
I was browsing through some posts from 2007 and was struck by how different the mood was back than.
Lots of talk about how investment returns were greater than annual savings so why bother continueing to work?
I guess if every year was that good no one would need to work.

Regards
Mosquito



Not only here on FIRE boards, but it is interesting listening to people outside of FIRE talk about retirement with my family, friends and co-workers. I hear comments all the time like "I'll never retire now" or "it looks like it will be really tight when I retire with social security, if I get much".

The good news is that the current economic malaise has gotten many people's attention regarding personal financial responsibility. For example, there is a wave of people in my office who have plugged into Dave Ramsey's teachings and have focused on his 7 step program:
- $1000 E-Fund
- Eliminate Debt
- 3-6 month Living expenses in E-Fund
- 15% contribution towards retirement
- Fund childrens college
- payoff mortgage
- Continue to build wealth and give

Not a FIRE plan in and of itself but definately a positive direction. We get together and discuss personal finance strategies on a regular basis.

I don't bring up RE at work, as that could make my superiors nervous as to my longevity with the company. ;)

decath
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