The question is are these blogers licenced to provide finacial advice? Don't they know that even reporting their investments is now putting them breech of ASIC new licence reegulations. Let alone endorsing (influencing consumers) of their own particular investments whilst also recieving affiliate income, regardless of them posting these disclosures and claiming their advice is only general in nature.

Finfluencers need to be very aware of these new changes to the law in Australia, or face up to 5 years jail and $1,000,000 in fines.

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Why is it that Frugality is so associated with FIRE, as based on your case studies it seems that way. Is that the only way they can become Financially Independent and Retire Early? Where are the people in FIRE with $100k+ a year in passive income, living a great life and travelling heaps?

And what a load of BS the statement "save 50% of your take-home pay from the age of 20, you can retire at 37. If you can save 75%, you can retire in seven years" is. Just throw out some randowm figures to make you sound smart. I'm sure there are actually alot of assumptions and caveats with this, and it is really not attainable for most people. Take my son as a example, aged 23, graduated from Uni (so has HECS debt to repay), has a good job earning a reasonable wage, but he has moved back in with us so he can save for a house (or unit/apartment). We're fine with this, as we're happy to support our kids, and he is saving a lot, and well on the way to a substantial deposit. Let's assume by mid-30s he's debt free, so by mid-40s could retire. I don't think so. Unless the F in FIRE is really for Frugality. Or go back to the fact he is 23, if he continued saving and not purchase a house, at the age of 30 he could retire? But where to? He has no house? And for both scenarios that's not allowing for life's journey of getting married, having kids (and all of the associated expenditure with kids), travelling and whatever else life throws at you.

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