Warren Buffett mentioned that he had 175 thousand and 2.5 children when he moved back to Omaha and bought a house in 1959. He especially mentions that it was all he would need to live for the rest of his life, he could take care of everything.
So he was FIRE even before his investing career started.
"I think you should look for the job you would want to hold if you didn't need the job."
He put it more succinctly than my crude
Another one would be Ray Dalio with his revolutionary idea of dividing savings by monthly expenses to find out how long they'll last.fiby41 wrote: ↑Mon Jun 08, 2015 3:50 am. I wanted to be not dependent on money, irony is, as it turns out, one way to by independent of money is to have lots of it. In general it could be stated as 'The best way to be independent of something is to be conscious to the extent/limit of its existence.' A horse doesn't notice/mind being bound in a field until it tries to venture out of the radius of its rope. Similarly I will not realize how much I'm dependent on money and others factors otherwise until I run into financial or any other type of trouble. It started along the lines of: 'In a hypothetical case, how much money am I supposed to have before I get a job to never need to work for money?' so l made a rough back of the textbook estimate (which cost me in resale value of the textbook.)