Introduction to F.I. / R.E.
Financial Independence / Retire Early
According to Investopedia, F.I.R.E. - also known as Financial Independence / Retire Early - "is a movement dedicated to a program of extreme savings and investment that allows proponents to retire far earlier than traditional budgets and retirement plans would allow." Essentially, this financial lifestyle concept emphasizes saving and investing as much money as you can until your savings is equivaleent to around 25 times your annual expenses. Many books, blogs, podcasts, and articles highlight the major pillars of F.I. / R.E. to be:
- Increase Savings (Reduce Expenses)
- Earn More (Increase Income)
- Invest Well
This concept isn't for everyone but if you are interesting in learning more about how to potentially retire much earlier than age 65, check out the books recommended below.
📚 Book Recommendations 📚
- The Simple Path to Wealth by JL Collins
- Choose FI by Chris Mamula, Brad Barrett, & Jonathan Mendonsa