Listen: Suzie Ormond, Suzie Orman, Dave Ramsey discussed on Radical Personal Finance
"That includes having some insurance coverages. And then once you're in that situation, then you can move on to the additional steps. So I I agree with you. I think you have to in in some ways, I try to speak a little harshly sometimes to try to be grading a little bit to some listeners to say like get it together. But you gotta get it together before you can go onto advanced concepts, and it's just down to simple behavior. So here's my last question, Matt and all that you give after answer this than of course, being longtime listener, I wanna give you chance to promote your firm. And because I'm sure there are many listeners who would appreciate talking to someone like you. But you've come you're part of the fire community you've come through that you've been affected by that. The general financial planning community, largely doesn't understand the fire mindset. What's your perspective as a as a new financial adviser? What's your perspective on fire and the financial planning community? You can never the twain shall meet. No, I'm teasing about that. I was so fascinated in this is a little off topic. But did you listen to Suzie Orman 's recent rant on polyp pants afford? Anything pie gas. I listened to the the sixty second excerpt from it. I didn't listen to the full pod forget, well, those probably enough, but what's fascinating. Right. So I'm a market, but go ahead and talk about what it is the explain it though for any for me. And okay, I didn't hear it. I'm sorry. Yeah. So Suzie Ormond came Susan well-known personal finance name. Maybe maybe second to Dave Ramsey in that world. I don't I don't know came onto Paul pants podcast, and basically castigated the fire movement as short sighted on the one hand, she was super clear, and this I thought was value. Add to say, you don't know what you don't know. You don't know how your life may change. You don't know how things may be worse for you in the future. So if you will. Willingly, reduce your earning capacity at an early age, you know, that that really may have long term consequences that aren't get. Okay. Fair enough that that was a fine point. And and that was good. But the point that she then went onto to make was basically to to criticize the the math of the fire movement that there is a point at which your investments can adequately support your lifestyle. And when you have come to that tipping point, then paid work becomes optional. And she was dismissive of that. And what fascinated me the most about this interaction is Suzie Ormond didn't get where she was by being, you know, dumb. She's a super smart lady. What really intrigued me was that this very high profile? You might say mainstream personal finance personality was trolling the fire movement in order to. Sort of gain, publicity and engagement from an audience about her sort of return to active work, and what that kind of signaled to me was in in many ways sort of coming of age of the fire movement overall. I mean, if you have someone like Sugerman wanting to interact that way in order to. In order to draw. A she wants attention from the fire movement on Suzie Orman like it wasn't an accident. Then that speaks a lot about kind of the maturity of this of of this group. Okay. So back to the fire movement and financial advisers, one of the things, obviously that has come out on your show over time. I think it's come through both Colin questions as well. As emails are folks from the fire community who who want to work with an adviser, but have difficulty finding that even understands what this is. I would say that that I'm I'm a huge fan of the fire approach not because it lets you go sit in a hammock. But because it gives you the flexibility to maybe do the things that you really dream of doing. And I think that working with an adviser who understands that that's the point. Excuse me. A fire is a is a valuable idea. So that would be that'd be one thing that I would say about that. And I would say for for your own benefit. I will be interested since you come from the fire movement, or at least exposure to it.."