Q
What is the FIRE movement?
A
Expert Answer
Financial Independence, Retire Early—aggressive saving (50-70% of income) to accumulate enough to support living expenses through investment returns. Variations include Lean FIRE (minimalist living) and Fat FIRE (higher spending). It requires discipline and may involve lifestyle sacrifices.
Key Insight
Financial Independence, Retire Early—aggressive saving (50-70% of income) to accumulate enough to support living expenses through investment returns.
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