Guides tagged with #financial-freedom

FIRE is an acronym for "Financial Independence, Retire Early" and it's exactly as it sounds. The movement suggests that one can be "financially independent" and "retire early" when they have accumulated a portfolio of investments to a specific amount. The whole premise of FIRE is based on two major elements; the 4% rule, and frugality. Let me explain.

FIRE (Financial Independence Retire Early) in the most traditional sense is when an individual can maintain their existing (or desired) lifestyle using the 4% rule. But there are actually many variations that the FIRE community has come up with over time. Here are a few of the most common ones.