Financial Independence, Retire Early (FIRE) is a movement that encourages individuals to save and invest aggressively to achieve financial independence at a young age. The goal is to accumulate enough wealth to cover living expenses without relying on traditional employment. This often involves budgeting, reducing expenses, and maximizing income through side hustles or investments.
Once financial independence is achieved, individuals can choose to retire early or pursue passions without the pressure of a 9-to-5 job. The FIRE approach emphasizes the importance of financial literacy and strategic planning to create a sustainable lifestyle that aligns with personal values and goals.