FIRE Movement
The FIRE Movement, which stands for "Financial Independence, Retire Early," is a lifestyle and financial strategy aimed at achieving early retirement through aggressive saving and investing. Participants typically save 50% or more of their income, allowing them to accumulate wealth quickly. The goal is to build a substantial investment portfolio that generates enough passive income to cover living expenses.
FIRE advocates often focus on reducing expenses and increasing income through side hustles or frugal living. The movement encourages individuals to take control of their finances, prioritize savings, and make informed investment choices, ultimately leading to a life of financial freedom and flexibility.