FIRE, FIRE, FIRE. So, what exactly is FIRE all about? TLDR; Financial Independence: Retire Early. Thus, which FIRE are you working towards? There are several variations on the FIRE Movement. First, the classic and traditional FIRE.
The Classic and Traditional FIRE
Some people define financial independence as saving 25 times your annual expenses. While some may argue that it means having enough money in the bank to say “F U” and pursue something you truly enjoy. In reality, this is quite subjective. Since everyone has unique life goals, there is no one-size-fits-all solution. In theory, the primary aim you are pursuing is to acquire the life you desire by saving it during your youth. With that in mind, let’s look at the various forms of FIRE.
Lean FIRE
If you live a frugal lifestyle and wish to continue doing so in retirement, Lean FIRE may be something you’re striving for....
