Real terms with real definitions. Real terms with definitions reflecting my own usage of them. Terms completely pulled out of my ass. It’s all here!
If there’s a term you feel I should add or clarify, let me know.
Coast FI is a term for a big interim step between your starting point and your true FI number. You could confidently stop saving, secure in the knowledge that your investments will grow sufficiently to be able to support you by the time you plan to use them. It’s not financial independence, but it does open doors.
FI = Financial Independence. The state of having achieved your FI Number and knowing that work is, technically, optional.
RE = Retired Early. The state of having achieved your FI Number or more and deciding to actually cut the cord from employment in favor of other pursuits.
FIRE without much wiggle room. An extremely flexible concept, Lean FIRE is basically shorthand for FIRE on a sum of savings that provides less passive income than most families of your size in your geographic area would prefer.
The concept that owning a lot of shit does not make life better, and it is better to own less shit.
A person who habitually follows the crowd. This person has either no explicit philosophy – resulting in a hodgepodge of random ideas to guide him or her – or has adopted a philosophy that is contradictory to his or her own self-interest. Both result in confusion and unhappiness. Example: The man who lays in a hospital bed at 94 years old, wishing he had spent more time with his family instead of working to chase ever-expanding television screens which further wasted his time when obtained. It’s a really depressing group that you don’t want to be a part of.
From Wikipedia, which has a surprisingly accurate definition: “Objectivism’s central tenets are that reality exists independently of consciousness, that human beings have direct contact with reality through sense perception, that one can attain objective knowledge from perception through the process of concept formation and inductive logic, that the proper moral purpose of one’s life is the pursuit of one’s own happiness (rational self-interest), that the only social system consistent with this morality is one that displays full respect for individual rights embodied in laissez-faire capitalism.” Additionally, it is important to note that man is a heroic being, capable of achieving great feats for himself – but not necessarily a being of cosmic significance to the universe.
The loss of potential gain from the next most valuable alternative when one alternative is chosen.
The act of giving up a greater value for a lesser value. Not to be confused with opportunity cost. It is not a sacrifice to give up $5 for $10, but $5 is the opportunity cost of taking the $10.
Concern with one’s own rational self-interest. Necessitates consideration of both short- and long-term costs and benefits of any decision, notably including the negative impact of the decision on other people/things that are valued more highly than the potential benefit. Distinction: Selfishness is not: “I’ll get what I want, and fuck everybody else!” It is: “I will work hard to get what I want, and I will not feel guilty for obtaining it.”
Stoicism’s central tenets are that natural laws guide the entirety of the world and are understandable through the use of reason and complex logic, errors in judgment cause destructive emotion, and all things are comprised of a primary substance that is the same for all things. The Stoics also considered (and many believed in) determinism, which is a useless concept to consider even if true, so I don’t bother with it. But I certainly do bother with the corollary belief (as they saw it) that we are insignificant to the universe.
A person with good ideas. This person realizes the value of Normies, Villains, and other Vigilantes, and tries to help others realize it. This person understands that there is no obligation to help another person live wisely, but chooses to help some anyway.
The Vigilante Method
Combination of Objectivism and Stoicism. A philosophy for living on Earth as it is. It adopts the tenets of Objectivism, but further assumes that one’s rational self-interest is best understood through a Stoic lens. Basically, Objectivism with a Stoic/Minimalist attitude. In effect: Reality is what it is, and you should confidently attempt to understand it and use it to pursue your desires with reason and logic, but your desires should be guided by an understanding of scarcity of resources and time. And you shouldn’t get in anyone else’s way of doing the same.
A person with bad ideas. Not simply one of the many who has been misled factually and may yet learn their own value, but someone who legitimately understands and rejects the ideas that help humanity. This person molded Normies into what they are. This person may also not be real, but the use of the word Villain helps me make sense of calling myself a Vigilante. Please allow me this one indulgence.