F.I.R.E. (Financial Independence Retire Early) is a movement that promotes the idea of achieving financial independence at an early age, often in the range of 30-40 years old, so that one can retire from the traditional workforce and pursue their own interests, hobbies, and passions.
The basic idea behind the FIRE movement is to save and invest as much as possible while working, in order to build up a large enough nest egg that can sustain one’s lifestyle in retirement.
This typically involves making smart financial decisions, such as minimizing expenses, paying off debt, and investing in assets that have the potential to appreciate over time.
The goal is to achieve financial independence and retire early, rather than working until the traditional retirement age of 65 or later.
Some proponents of the FIRE movement argue that it allows individuals to pursue their passions and live a more fulfilling life, while others criticize it for being unrealistic or promoting a narrow, frugal lifestyle.
*We are not financial advisors and only present our findings. Please do your own due diligence and what you feel you can make work in your own unique situation.