The FIRE movement, also known as “Financial Independence, Retire Early”, has been gaining momentum among millennials in the past decade. This idea is appealing as more young adults, under the age of 40, look to free themselves from the drudgery of working life. Those who tout the FIRE concept believe that a combination of saving hard, investing well and living frugally can help you to achieve financial nirvana. It seems, however, that young Singaporeans are not feeling optimistic.. A recent survey by Fullerton Fund Management also showed that, on average, Singaporeans needed S$1.4 million for their desired retirement. In that context, retiring by the age of 40 seems like a distant fantasy. The pandemic dampened the prospects of a well-paying job. At the same time, many are also worried about the impact of inflation eroding the value of their money. A more realistic goal The problem with today’s society can be summed up in two words: instant gratification....