NEW YORK - Last month, Eric Richard was in Bali, Indonesia, enjoying the tropical weather and carefree life of a retiree. Last summer, at 29, Richard had quit his job as a corporate operations manager to become a"digital nomad."
Now the coronavirus has thrashed several nation's economies, from Japan to Germany. The US stock market had its steepest drop ever in March. Naturally, some are predicting the decline or end of the FIRE lifestyle. Kristy Shen and Bryce Leung, a married couple from Toronto who in 2015 quit their tech jobs in their early 30s to travel the world, were also in Bali when the global outbreak struck. They watched their investment portfolio drop by six figures in one day, a stomach-churning moment for anyone.
Leung, who invested through the Great Recession, added:"There was a lot more reason to be scared in 2008. They were saying money is going to be toilet paper." Long said he felt for the FIRE folks who retired in 2019 and had less of a cushion."I probably wouldn't have been able to sleep if I had been in that situation," he said.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Singapore Latest News, Singapore Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Extreme isolation: world's last virus-free corners hold tightA coronavirus-free tropical island nestled in the northern Pacific may seem the perfect place to ride out a pandemic -- but residents on Palau say life right now is far from idyllic. The disparate group also includes Samoa, Turkmenistan, North Korea and bases on the frozen continent of Antarctica.
Source: YahooSG - 🏆 3. / 71 Read more »
Number of babies born last year up by 0.5 per cent, after four consecutive years of declineSINGAPORE - After four consecutive years of decline, the number of babies born here inched up by 0.5 per cent from 39,039 in 2018 to 39,253 last year.. Read more at straitstimes.com. Not good. This earth needs rapid human depopulation more than any other intervention.
Source: The Straits Times - 🏆 8. / 63 Read more »
UN nuclear agency sending coronavirus testing gear to 40 countriesVIENNA: The UN atomic agency is sending an initial batch of equipment to about 40 countries with which they will be able to perform a standard ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
Exclusive: American Airlines to retire more jets, including vintage 737s, in coronavirus downturnAmerican Airlines Group Inc is set to sharply increase the number of jets it is planning to retire beyond its announced plans as it accelerates a ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
American Airlines to retire more jets, including vintage 737s, in coronavirus downturnAmerican Airlines Group Inc is set to sharply increase the number of jets it is planning to retire beyond its announced plans as it accelerates a ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
Patrick McEnroe feeling fine after mild case of coronavirusRetired tennis player Patrick McEnroe has recovered from a mild case of coronavirus, he announced on social media on Tuesday.
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »