Imagine having enough money to retire in your 30s and no longer being bound to the shackles of work for the rest of your life… You could pursue your passions, travel the world, or just sit at a coffee shop drinking kopi while chatting with your friends. Sounds pretty enticing, doesn’t it? That’s the dream of the Financial Independence and Retiring Early (FIRE) movement. But while we marvel at the idea of early retirement in our 30s or 40s, here’s the cold hard truth… Most of us won’t be achieving FIRE. Here’s why.

What is FIRE?

Before we dive in, let’s revisit what FIRE really means. Source: Strong Opinions Loosely Held | Giphy FIRE is a lifestyle movement where the goal is to achieve Financial Independence and Retiring (or Retire) Early. Let’s break it down. Financial Independence refers to living off an income without being financially dependent...