How Financial Independence, Retire Early (FIRE) Started
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 purchase.
In more recent years, Millennials, in particular, have embraced the FIRE movement with the aim of retiring well before the traditional retirement age of 65.
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A good early retirement strategy is built on maximizing three aspects: Income, expenses, and savings.
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