Dr Di Johnson's guest appearances

Dr Di Johnson

Economics Explored

Mark Thornton

Eamonn Butler

Margaret Thatcher

John August

Tony Wood

David Johnson

David Bahnsen

Ben Phillips

Walter Block

Michael Edelstein

Chester Arthur

Danielle Wood

Brady Nelson

John Kay

Matt Canavan

OwlTail

Bloggers such as Mr Money Mustache and the Financial Samurai have been responsible for starting a new movement: the FIRE movement. FIRE stands for Financial Independence Retire Early. By early, proponents typically mean retiring in your 30s or 40s. To discuss the FIRE movement, Economics Explained host Gene Tunny has invited Griffith University Business School lecturer Dr Di Johnson back on to the program. Di is a member of the Australian Securities and Investments Commission’s Financial Capability Research Network. In addition to teaching and researching, Di is a regular commentator on financial issues on ABC radio and TV here in Brisbane, Australia.TimestampsUse these timestamps to jump right to the highlights:1:40 – Dr Di provides an overview of the FIRE movement (also check out this Forbes article The 9 FIRE blogs you should read) 3:45 – is the FIRE movement a millennial idea? 7:35 – doing the math, you can see some big risks with the FIRE concept (Di mentions some information on average spending by singles and couples that was once on ASIC’s MoneySmart website: Weekly spend by life stage)11.20 – challenge of forecasting future living costs in decades to come – e.g. think about trying to forecast current Sydney cost of housing back in the 1970s16:40 – Di says some positives of the FIRE movement are it encourages people to save when they’re young and it promotes conscious consumerism23:05 – what is Barista FIRE?25:35 – discussion of digital nomads and vagabonding30:05 – Di notes it may be preferable to just find ways to make your current work more enjoyable – e.g. the slow work movement, taking longer holidays, etc. The episode was recorded via Zoom video conferencing on the 25th of February 2020.

Bloggers such as <a href="https://www.mrmoneymustache.com/" rel="nofollow" target="_blank">Mr Money Mustache</a> and the <a href="https://www.financialsamurai.com/" rel="nofollow" target="_blank">Financial Samurai</a> have been responsible for starting a new movement: the FIRE movement. FIRE stands for Financial Independence Retire Early. By early, proponents typically mean retiring in your 30s or 40s. To discuss the FIRE movement, Economics Explained host Gene Tunny has invited Griffith University Business School lecturer Dr Di Johnson back on to the program. Di is a member of the Australian Securities and Investments Commission’s Financial Capability Research Network. In addition to teaching and researching, Di is a regular commentator on financial issues on ABC radio and TV here in Brisbane, Australia.TimestampsUse these timestamps to jump right to the highlights:<ul><li>1:40 – Dr Di provides an overview of the FIRE movement (also check out this Forbes article <a href="https://www.forbes.com/advisor/retirement/the-9-fire-blogs-you-should-read/" rel="nofollow" target="_blank">The 9 FIRE blogs you should read</a>) </li><li>3:45 – is the FIRE movement a millennial idea? </li><li>7:35 – doing the math, you can see some big risks with the FIRE concept (Di mentions some information on average spending by singles and couples that was once on ASIC’s MoneySmart website: <a href="https://drive.google.com/open?id=1y7JZCvyQmVO-NV1zrBQNVy8XuCEEabdE" rel="nofollow" target="_blank">Weekly spend by life stage</a>)</li><li>11.20 – challenge of forecasting future living costs in decades to come – e.g. think about trying to forecast current Sydney cost of housing back in the 1970s</li><li>16:40 – Di says some positives of the FIRE movement are it encourages people to save when they’re young and it promotes conscious consumerism</li><li>23:05 – what is Barista FIRE?</li><li>25:35 – discussion of digital nomads and vagabonding</li><li>30:05 – Di notes it may be preferable to just find ways to make your current work more enjoyable – e.g. the slow work movement, taking longer holidays, etc. </li></ul>The episode was recorded via Zoom video conferencing on the 25th of February 2020.

The FIRE movement with Dr Di Johnson