This movement brings with it the promise of flexibility and freedom, provided you act with discipline and are determined at an early age. This goal sees them saving enough money to retire several decades (while they’re in their 30s, 40s, or even 50s) before the usual retirement age. Under the FIRE movement, a number of people have begun working towards a single goal. The acronym FIRE stands for ‘Financially Independent to Retire Early’. Here we will cover all that this early retirement plan entails and the movement that it brought about. Or, in some cases, do jobs that don’t pay very well but are fun to do. With the FIRE movement, though, you are provided with the means to stretch yourself early on such that you can enjoy a longer period of retirement wherein you don’t have to work. One of life’s most important lessons that most of us learn early on is that the concept of a free lunch is non-existent. If you read on, you’ll find out why it’s such a fascinating subject.įIRE is an early retirement plan that’s geared towards allowing you to make the most of not just your sunset years but also your middle years - think 40s. More than a movement, it’s a life goal that many millennials and Gen Z are working towards. We’re talking about the movement which stands for ‘Financially Independent to Retire Early’. FIRE has, well, spread like wildfire lately.
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