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Discover the FIRE movement: what financial independence, retire early means, its Lean, Fat and Barista types, plus simple steps to retire early. Read on.
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The FIRE movement — financial independence, retire early — inspires young people to quit the rat race decades ahead of schedule.
The FIRE movement is on fire!.
The norm for retirement has always been late 50s/early 60s, though many are forced to extend their working years to pay off debt and and cover unexpected expenses.
Statistics like these, as well as growing disenchantment with the rat race, are what inspire the younger generations to become more financially independent.
According to New York Times article, Hacking Your Way to Retirement , followers of the FIRE movement tend to be male, and typically working in the tech industry.
Although the concept of living simply is not a new one, the inspiration for many FIRE enthusiasts is a book written in 1992: Your Money or Your Life by Vicki Robin and Joe Dominguez.
As our world becomes more complicated and more driven by consumption, followers of the FIRE movement are placing more importance on taking control of their finances to gain financial independence.
Although there is no specific formula to retiring early, there are some simple ways to achieve early retirement.
Ready to become financially independent and retire early?.
FIRE stands for financial independence, retire early.
There are several offshoots of the movement.
While living simply is not a new idea, the inspiration for many FIRE enthusiasts is the 1992 book Your Money or Your Life by Vicki Robin and Joe Dominguez.
The FIRE community believes that an individual must save 40-60% of their income.
There is no specific formula.
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1 What FIRE Stands.
2 The Many Flavors of FIRE.
3 Where the Movement Came.
4 Simple Ways to Retire Early.
Frequently Asked Questions.
What does FIRE stand for?.
What are the different types of FIRE?.
Where did the FIRE movement come from?.
How much of my income should I save to reach FIRE?.
What simple steps can help me retire early?.
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