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An interesting caution on Coast FI and maybe Barista FI from Nick Maggiulli

An interesting caution on Coast FI and maybe Barista FI from Nick Maggiulli

Jd
JDFI · · 22 replies

See

www.businessinsider.com

Basic concern is if AI takes too many jobs, it could raise unemployment permanently and structurally eventually (AI could provide more jobs temporarily, but net eliminate jobs over time), which makes FIRE a terrific mitigation. But Coast FI or Barista FI dampens that risk reduction compared to full FI.

Nick (the guy behind "Of Dollars and Data") summarized this logic as follows:

Why take the step back now when you could do it in a few years? After all, if AI doesn't take your job, you're fine. And if it does, you'll be glad you acquired as much capital as possible while you still had the chance

Here he covered it more completely on his own blog

Did AI Kill Coast FIRE?

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Replies (22)

CincyFlyer

CincyFlyer

2 months ago

Mark70

Mark70

2 months ago

thinkpad12

thinkpad12

2 months ago

Dorito

Dorito

2 months ago

JP_MoreGains

JP_MoreGains

2 months ago

JoeQ17

JoeQ17

2 months ago

woptaufx

woptaufx

2 months ago

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