FIRE (Financial Independence, Retire Early) is about building wealth to retire decades earlier than traditional retirement age.
What is FIRE?
FIRE means saving 50-70% of income and investing it. Once investments generate enough passive income, you can retire. Requires discipline and delayed gratification.
FIRE Principles:
- • Maximize income
- • Minimize expenses (frugal living)
- • Invest aggressively in index funds
- • Track net worth progress
- • Plan for healthcare and taxes
Is FIRE Right for You?
FIRE requires sacrifice and discipline. It's not about deprivation but intentional spending. Consider your values, lifestyle, and goals. Even partial FIRE (retiring earlier) is valuable.