In this episode, Julien and Kiersten discuss whether the FIRE (Financial Independence, Retire Early) movement is truly a movement. They explore the historical tendency to revise and sugarcoat Black history, reflecting on the progress made and the ongoing fight for civil rights. The conversation then delves into financial indicators, such as the rise of black investors and the shift towards passively managed funds. They also discuss work indicators, including declining employee engagement and the recognition of toxic work environments by the Surgeon General. The impact of technology and the pandemic as catalysts for change are also explored. The conversation explores the lasting impact of the Great Depression and how it still influences the way people think and organize their lives today. It then delves into the uncertainty and reflection brought about by the pandemic, particularly for essential workers and children. The setback in gender equality and the burden on women during the pandemic are discussed, along with the long-term health effects of long COVID. The conversation highlights the impact on future generations and the success and viability of the FIRE movement. It concludes with a reflection on the importance of individual change and the fight against power imbalance.
To learn more about the show, visit richandregular...
Show notes, articles, research or data mentioned in the episode:
Wall Street Journal: Black Investors Are the Biggest New Group of Stock Buyers: r.search.yahoo...
Morningstar: It's Official: Passive Funds Overtake Active Funds: www.morningsta...
CBS News: Toxic workplaces can harm your physical and mental health, surgeon general says: www.cbsnews.co...
Claudia Goldin win Nobel economics prize for work on gender gap: www.reuters.co...
About the Hosts:
Julien and Kiersten Saunders are the hosts of the rich & REGULAR® podcast. New episodes are published weekly on KZitem, Apple Podcasts, Spotify and other streaming platforms. Julien and Kiersten are also the authors of Cashing Out: Win The Wealth Game By Walking Away, named 2023 best overall book about investing by Business Insider and one of the best personal finance books by Forbes. To learn more and purchase the book, visit richandregular...
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