I think a little nudge is good but if they are not receptive to it, I don't bring it up again. Finance is very personal stuff and my some of friends/family get embarrassed/uncomfortable discussing that.

also I think it's important to not be completely out of touch since most people in my circle don't have enough money to have a safe savings/emergency stash, let alone invest into retirement. I don't want to piss people off or make them despair talking about FIRE if I know they don't have good income leftover to begin with. That's just been my experience with it, curious how you guys think about it.

[–] [email protected] 3 points 1 year ago (1 children)

@[email protected] just going to reply to both of you here since the ideas are similar:

I definitely get the "gentle heads-up but don't push" strategy, and the main thing that is stopping my friends from going down the FIRE path is a lack of income instead of a lack of understanding, but honestly if I had close friends that were making enough to be making proper investments I would feel morally obligated to make sure they understood what was on the table. Can you imagine learning about this stuff when you're 55 and wishing that someone would have told you sooner? Or even that someone forced you to start sooner, when you were a dumb kid and investments seemed like old people stuff?

As is, I'm currently just helping them with frugality, credit cards, getting a HYSA bank etc and making sure they're not leaving free money anywhere on the table. Wish there was more I could do with my knowledge.

[–] [email protected] 4 points 1 year ago

I would feel morally obligated to make sure they understood what was on the table

At the end of the day, while FIRE is appealing to me and works well for me, it's not the only right way to live. I think if someone I was close to got set up in a good paying job, offering to explain their retirement benefits to them and help them get set up is fine, but I wouldn't push them more than that because it can seem a little preachy. If they want to know more, then we can talk. Most people don't, and pushing the subject would only be off-putting.

Similar to if I had a morbidly obese friend. Yeah it'd be good if they counted calories and ate mostly fruits and veggies to achieve a healthier weight, but is it really my place to push them towards a different lifestyle? Or should I just be a friend and help them when they ask for it?