Over the course of last week, I came across many other experienced financial bloggers who wrote about this term FIRE. I have not yet came across this acronym and was a little confused as to what it implies. Some of the articles that I read were by InvestmentMoats, BULLy the BEAR and Minimalist in the city. After reading through their post, I could get a rough meaning of what FIRE stands for.

What is FIRE?

FIRE stands for financial independence, retire early meaning that you have achieved financial independence and can retire early as you are financially independent. After reading up a bit more on it, I realized that FIRE is essentially what most people would want or are aiming for. I have to admit  that when I saw this term, I was very interested in it too. Being able to retire early? Wow, I am in! Haha, even though I have …