The FIRE movement emphasizes achieving financial independence for early retirement, allowing individuals to live comfortably without needing to work. A recent Reddit discussion highlights differing views on what constitutes being 'rich.' While some see having millions as necessary for this label, others argue that financial independence through FIRE can be a valid alternative. This debate shows that the concept of wealth varies among individuals, underscoring the importance of personal financial goals, regardless of societal definitions of 'rich.'
The FIRE movement aims to reach a stage where individuals can retire early and live comfortably without working again, but defining 'rich' is more subjective.
Many consider 'rich' to denote having millions, but 'FIRE' is about enough wealth for independent living, indicating different priorities in financial goals.
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