Episode 276: What "They" Don't Want You To Know About The FIRE Movement, A Case Study And Portfolio Reviews As Of July 14, 2023

<p>In this episode we answer an email from Marcy.  We discuss the modern and extended histories of the FIRE movement,  FIRE movements and FIRE literature of the past from the 19th Century and beyond, the parallels of modern portfolio mistakes with those of FIRE circa 1990, and do a case study of Marcy&apos;s FIRE goals and portfolio using Portfolio Visualizer.  (Errata -- I said &quot;21%&quot; for two allocations in the third portfolio when I meant 26%.)<br/><br/>And THEN we our go through our weekly portfolio reviews of the seven sample portfolios you can find at <a href='https://www.riskparityradio.com/portfolios'>Portfolios | Risk Parity Radio</a>.<br/><br/>Additional links:<br/><br/>Local TV News Story on Father McKenna Center:  <a href='https://www.nbcwashington.com/community/in-the-community/father-mckenna-center-seeks-mens-clothing-donations-in-dc/3383999/'>Father McKenna Center seeks men’s clothing donations in DC – NBC4 Washington (nbcwashington.com)</a><br/><br/>My 2016 Essay about FIRE:   <a href='https://www.prospectingmimeticfractals.com/the-view/category/frugality'>Prospecting Mimetic Fractals - Prospecting Mimetic Fractals</a><br/><br/>Quiet Life video:  <a href='https://www.youtube.com/watch?v=npNc5P_66tQ'>In Praise of The Quiet Life - YouTube</a><br/><br/>Ramit Sethi video with the Jensens:  <a href='https://www.youtube.com/watch?v=Fm3jlsW7W34'>“We achieved FIRE with $4.3M. Why can’t we enjoy it?” | IWT 108 | Ramit Sethi - YouTube</a><br/><br/>Ramit Sethi with the Mad Fientist:  <a href='https://www.youtube.com/watch?v=NLP3MmYC0J0'>Ramit Sethi – How to Spend (and Actually Enjoy It) - YouTube</a><br/><br/>Mad Fientist Blog Post re Ways to Spend More Money:  <a href='https://www.madfientist.com/discretionary-withdrawal-strategy/'>The Problem with the 4% Rule (and Why You Could Retire Even Sooner) (madfientist.com)</a><br/><br/>Terhorst&apos;s Blog:  <a href='https://paulandvickiterhorstsperpetualtravelblog.wordpress.com/welcome-to-paul-and-vicki-terhorsts-perpetual-travel-blog/'>Welcome to Paul an