While searching for answers, Scott explores FIRE before homing in on it as a solution. FIRE pioneers come together for documentaryĪ number of those bloggers are featured in Playing with FIRE as sources on the movement and investment strategies they’ve used that may be helpful for millennials and Gen X-ers who are on track to retire early. The Rieckens, following the arrival of their baby, began questioning whether sending their baby away for someone else to care for, sometimes more than 40 hours a week, is the right work-life-balance.Ībout the same time, Scott learned from a podcast about a lifestyle strategy known as FIRE - “financial independence retire early.” It is a movement began about a decade ago by bloggers who shared their thinking on personal finance literacy, frugal living and aggressive savings strategies. Scott is working in IT and Taylor is working as a corporate recruiter. Scott and Taylor are living in Coronado, an ocean front area of San Diego, California, working demanding jobs while little Jovie spends her time at daycare. The purpose of the movie is to offer a blueprint for navigating away from the status quo, and toward financial freedom. If you’re lucky you might be able to retire at 65 and not have to live on beans.” Bucking the systemĪ description on the movie website puts it this way: The Rieckens test their “willingness to reject the standard narrative of adult life, which basically prescribes: ‘Go to college, take out tons of student loans, buy a new car, take on a mortgage, buy another car and lots more stuff you don’t need, then work for 40+ years to pay for it all. Couple that with traditional advice on how much to save for retirement - according to the movie a healthy savings rate ranges from 10% to 20% of annual income - and you have a recipe for a long uphill expedition. With a slew of frightening data points, Playing with FIRE establishes our apparent inability to understand or fully come to terms with the basics of personal finance right off the bat. The movie opens with jarring but familiar statistics on the state of American family finances: 78% of us live paycheck to paycheck, 69% of households have less than $1,000 in savings and 34% have no savings at all. Scott narrated the film and is also credited as the executive producer. Playing With FIRE: A Documentary tells the story of a young family bucking cultural norms by changing their habits with money to alter the course of their lives.Īt the center of this 75-minute, elegantly produced movie we follow 35-year-old Scott Rieckens, his wife, Taylor, and their two-year-old daughter, Jovie.
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