What Is the F.I.R.E. (FIRE) Movement?
Retirement is a financial figure rather than an age. There is also no requirement to work until the age of 65. That is an urban legend!
We've spoken with a number of people who are on their way out of the labour force. However, a new generation of employees is attempting to take early retirement to new heights. As members of the FIRE movement, they are on a quest to forge a new road to retirement.
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They think they can retire in their 30s or 40s. That's correct! But how can this be accomplished? Is it realistic to expect to retire at the age of 45? 35? Let's go deeper into the FIRE movement to see if it's appropriate for you.
What Exactly Is the FIRE. Movement?
FIRE. is an acronym that stands for "Financial Independence, Retire Early." The idea is to actively save and invest (50–75 percent of your income) so that you can retire in your 30s or 40s.
That's right: you should set aside at least half of your earnings.
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