There's so many financial acronyms around you could be a Y.A.W.N or maybe a D.I.N.K. or heaven forbid a S.I.N.B.A.D (single income no boyfriend and desperate!)
F.I.R.E - Financial Independence Retire Early is one I really like.
"FIRE is having a moment, and it’s not hard to understand the appeal. Financial independence? Sounds great! Retiring Early? Sign me up! It’s a movement that’s quickly gaining momentum, too. We spoke with four FIRE enthusiasts and asked them to share what the movement is all about, and what it takes to achieve this elusive goal of Financial Independence/Retire Early." Read more
One FIRE advocates take HERE
It is very simple in theory, reduce your expenses to the point where your income covers them and you have suffienct funds left over to save. That means downsizing, no venti lattes and a lot more sacrifices. However the joy you get from lying on a beach without a worry at 45, 55 or 60 will be well worth it.
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Yes, the FIRE movement has definitely gained popularity in recent years, as more and more people are looking for ways to achieve financial freedom and retire earlier than the traditional retirement age. The basic premise of FIRE is to focus on increasing your savings rate and reducing your expenses, so that you can accumulate enough wealth to support your lifestyle without relying on a full-time job. cincinnatiseo.io/
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