The title of this post might lead you to think it’s about wasting your hard-earned dollars, but it’s actually about the opposite. FIRE is about ultra-frugality and commitment to building long-term, sustainable wealth. What is Financial Independence Early Retirement (FIRE)? FIRE stands for Financial Independence and Early Retirement and refers to achieving a level of wealth that produces an income that will allow you to withdraw from the workforce and live entirely on your investment returns. Since it seems most people hate their work (which is simply not an ideal way to spend 40+ hours per week, but that is another post for another time), the idea of having a self-sustaining pile of money that let’s you do whatever you want all day is very, very attractive to most people. Fundamentally FIRE is less about having gobs of money and more about having complete freedom. Usually, the people that seek […]
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