The FIRE (Financial Independence, Retire Early) movement has gained popularity among young financial achievers, presenting various retirement approaches. "Lean FIRE" advocates for a frugal lifestyle with adequate savings to retire sooner, appealing to those with a six-figure nest egg. Alternatively, "Moderate FIRE" and "Fat FIRE" provide options for more comfortable retirements but require higher savings and potentially longer work periods. Personal circumstances and lifestyle choices play a significant role in determining which FIRE approach is suitable, emphasizing the need to remain mindful of spending habits over time.
The FIRE movement has taken the Reddit world by storm, offering various paths to financial independence such as lean, moderate, and fat FIRE.
Lean FIRE is achievable for young financial overachievers with strong savings, allowing for a sustained retirement on a frugal lifestyle.
Collection
[
|
...
]