He Thought FIRE Was the Goal. Here's What He Learned After Retiring Early

djchris · 2025-01-17T11:15:51+08:00

When we think about Financial Independence, Retire Early (FIRE), it’s often viewed as the ultimate goal. Work becomes optional, time is yours to control, and the freedom to live life on your own terms is within reach. But what happens *after* you achieve FIRE? For many, the reality is that FIRE is just the starting point. Eric Sim, a former Managing Director at UBS, clearly articulated this point in a recent interview. After 17 years in investment banking, he retired early, not wanting to “work himself into the ground well into his 60s.” Yet his journey didn’t end there. It evolved. Here’s what we can learn from his story: **FIRE Isn’t the Finish Line. It’s a New Beginning** Eric realised that while financial freedom is liberating, purpose is what makes life meaningful. After leaving his corporate role, he didn’t stop working entirely. Instead, he transitioned to teaching, writing, and mentoring—ways to share his expertise and contribute to others. This highlights a key point: the goal of FIRE isn’t to stop working altogether—it’s to have the freedom to choose work that aligns with your values and passions. **Work Gives Us More Than Just a Paycheck** Many of us associate work with stress, but it also provides structure, purpose, and social interaction. After retiring early, Eric found ways to replicate those benefits by engaging in meaningful activities. Post-FIRE, you’ll need to ask yourself: * What excites you? * How can you stay socially and intellectually engaged? * What kind of routine would bring you joy? **The Importance of Experimenting** Eric’s story shows that it’s okay not to have everything figured out immediately after FIRE. He tested different paths, from writing to public speaking, before finding his rhythm. As you transition, give yourself permission to experiment. Explore hobbies, learn new skills, or volunteer for causes you care about. The key is to stay curious and open to new opportunities. **Giving Back Can Be Your Next Chapter** For Eric, mentoring became a way to stay connected to his professional roots while helping others grow. This act of giving back brought him immense fulfillment. Whether it’s through volunteering, coaching, or starting a passion project, consider how you can use your time and skills to make a difference. **Building Your Post-FIRE Life** Here’s how you can start crafting a purposeful life after FIRE: * Reflect on what matters most to you. * Create a routine that balances leisure, learning, and contribution. * Stay socially connected to avoid isolation. * Be flexible—your purpose may evolve over time. **FIRE Is the Starting Point, Not the End** Eric Sim’s journey reminds us that financial independence is just the foundation. The real work begins when you design a life that’s fulfilling and meaningful. So, if you’re working towards FIRE or have already achieved it, ask yourself: * What would I do if work was no longer an obligation? * How can I use my freedom to live a life that aligns with my values and passions? Let’s share ideas and inspire each other. What’s your plan for life after FIRE? Drop your thoughts below! 👇 [https://www.businessinsider.com/former-investment-bank-md-achieving-fire-not-worth-it-2025-1](https://www.businessinsider.com/former-investment-bank-md-achieving-fire-not-worth-it-2025-1?utm_source=chatgpt.com)

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