What FIRE people do when the market’s on fire

The most likely categories for cutting back include travel, entertainment, eating out, and the like—all the discretionary expenses that many Americans consider needs but are really luxuries.

I’m hopeful you’ll read it as it’s meant: as advice from a good friend who’s been there and who’s willing to tell you the truth even if it stings a bit. This is the one (yes, ONE) thing you need to do to retire early without fear that a market drop will kill your finances:. To explain a bit, you need to develop several efforts that will protect you in case something bad happens—you get sick, your property is destroyed or stolen, you get sued, or the market drops big time.

“Four hostile newspapers are more to be feared than a thousand bayonets...” ― Napoléon Bonaparte