When the pandemic first hit at the beginning of 2020, we were in Thailand at the time, which was the second country to be affected by COVID after China. Borders started closing down and flights started to become scarce, so it was a bit of a mad scramble to get back into Canada before everything shut down, but thankfully we managed to make it back on the 2nd to last flight out of Taiwan.
Since then, we’ve been stuck in Canada for a year and a half. We thought at first this would blow our budget, but surprisingly it didn’t. Due to the pandemic lockdowns, our spending went down. We also decided to do more “local” travel and explore more of our own country during this time, spending a couple months in British Columbia to escape the winter, and we’re currently planning on exploring the Atlantic provinces this summer. Turns out, Canada’s a really big country! Who knew?
At first a lot of reporters thought that the pandemic would be the end of the FIRE movement, but if anything I think we’ve grown even stronger. The central reasons that the FIRE movement exists (expensive real estate, unstable jobs) have become even more true since the pandemic hit, and the media is noticing now that while the pandemic has affected everybody, the people in the FIRE movement seems to have emerged largely unscathed.
FIRE doesn’t necessarily mean that you literally quit your job and retire, it means that you arrange your finances so that you no longer need your job in order to live. That message has grown even more appealing, and will continue to do so as time goes on.
If you’re interested in FIRE, start working towards it now. You don’t have to understand everything about it before you begin, but the earlier you start saving the faster it will happen. You don’t want to wake up one day when it’s too late, with your best earning years behind you, wondering where all your money went.
We don’t have kids, so we’re obviously not experts at this, but some of the FIRE bloggers did it with kids. GoCurryCracker.com has 2 kids, RootOfGood.com has 3, and even MrMoneyMustache.com has 1.
So don’t think that if you have kids, FIRE is out of reach. It can still be done, you just need to find the right role models to learn from.
Obviously our book Quit Like a Millionaire* and blog millennial-revolution.com are great starting points. There are the blogs I mentioned above the people with kids. There aren’t any German-language resources out there right now that I’m aware of, but hopefully we’ll have a German translation of our book out soon 😊