Financial Independence, Retire Early (FIRE) Definition - Deepstash

Bite‑sized knowledge

to upgrade

your career

Ideas from books, articles & podcasts.

published 3 ideas

Financial Independence, Retire Early (FIRE) Definition

investopedia.com

Financial Independence, Retire Early (FIRE)

FIRE is a financial movement of extreme savings and investment that allows proponents to retire far earlier than traditional budgets and retirement plans would allow.

  • By dedicating up to 70% of income to savings, followers of the FIRE ...

15

STASHED IN:

96

Borne out of the 1992 best-selling book "Your Money or Your Life" by Vicki Robin and Joe Dominguez, FIRE came to embody a core premise of the book: juxtaposing expenses and time spent at work against hours of your life. Every expense is compared to the time spent at work in order to earn the ...

5

STASHED IN:

80

  • Fat FIRE: an individual with a more traditional lifestyle who saves more than the average retirement investor
  • Lean FIRE: refers to stringent adherence to minimalist living and extreme savings, necessitating a far more restricted lifestyle.

6

STASHED IN:

87

0 Comments

Discover and save more ideas by creating a

FREE

Deepstash account.

Develop a

reading habit

, save

time

and create an amazing

knowledge library

.

GET THE APP: