The 25th Masti episode welcomes my man, James Pugliese! We talk about the Financially Independent Retire Early (FIRE) Movement. This movement is for individuals who want to escape the bounds of a paycheck & live off investments (James & I fall in this category). Topics include the psychology of saving/spending/investing, the power of compounding in all facets of life, what retirement looks like to us, cultural differences in perspectives of money & more. Timestamps: 0:52 - Introduction to FIRE & how we got into this movement4:28 - Desirable number or age to retire by & investment strategies11:50 - Psychology of spending vs saving, finding the right balance, life after retirement?26:00 - Power of compounding in money & all facets of life31:45 - Certain personalities attracted to this movement?37:06 - Living off minimum wage 44:35 - Culture & stigma of living at home 48:30 - Wife & kids in the FIRE equation 52:15 - Criticisms of the movement, Financial Freedom & the options + final thoughtsEpisode out on Youtube, Spotify & Apple Podcasts! Show the pod some love. Please like & review & subscribe to wherever you are viewing or listening to this! Artwork by Yamada. Jingle by Dphelion.