FIRE movement
An approach to financial independence, sometimes linked to early retirement, built through a high savings rate and invested assets.
Definition
An approach to financial independence, sometimes linked to early retirement, built through a high savings rate and invested assets.
Why this concept matters
It connects spending, saving, target capital and greater freedom over work.
What to watch
FIRE is neither a financial product nor a guarantee: tax, inflation, healthcare, pensions and returns must be considered.
Simple example
A household may use FIRE to estimate the capital needed to cover part of its spending.
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