The shortest possible summary of the F.I.R.E. movement
Financial Independence, Retire Early, or F.I.R.E, is a movement that advocates achieving financial independence and retiring early by saving and investing a significant portion of your income and avoiding unnecessary expenses.
The concept was first introduced in 1992 when Vicki Robins and Joe Dominguez published the book “Your Money or Your Life.” The book challenges readers to think differently about consumerism, money, and the value of their time. It sparked a movement called the “New Roots Movement,” which focused on achieving financial independence by living and thinking differently.
The F.I.R.E. principles can help most people achieve financial independence within 10 years or so. However, it’s important to note that there is no magic formula or easy button. It requires hard work and discipline. This blog provides tools, a community, accountability, and new ideas to help you accelerate your path to F.I.R.E.
By following the F.I.R.E. principles, you can change your life and achieve financial independence. The principles are simple, but applying them can be challenging. The goal is to save and invest a large portion of your income, eliminate debt, and reduce unnecessary expenses. By doing so, you can build a portfolio that generates enough passive income to support your lifestyle without needing to work.
Achieving financial independence and retiring early may sound too good to be true, but it’s not. The F.I.R.E. movement provides timeless advice and principles that work for most people who are willing to put in the effort.
Are you ready to start your journey towards financial independence and retiring early? If so, let’s begin!
