Discipline equals freedom: The difference between deprivation and depriving yourself

Financial independence and early retirement continue to attract mainstream attention. This is a good thing. Check that, this is a great thing. Of course, with this attention there are more naysayers and critics than ever.

One of the main criticisms of the FIRE movement -- and of frugality, in general -- is that those who seek FIRE are depriving themselves. Or leading lives of deprivation. On the surface, these two arguments may sound like the same thing but they're not. There's a big difference between "deprive" and "deprivation".

Here are the definitions of these two words:

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More about...Psychology