FIRE stands for "Financial Independence, Retire Early." It is a movement or lifestyle choice that aims to allow individuals to retire much earlier than the typical retirement age by saving and investing a significant portion of their income and living frugally. The goal of FIRE is to achieve financial independence, which is defined as having enough passive income or assets to cover one's living expenses without the need to work for pay.
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I was not going to write this 4 years of FIRE post but I’ve had a number of requests for it which made me do a little thinking. In the end I thought it might add a little value as it’s no ...
Given the name of this site, Physician on FIRE, you might well come away with the impression that I am a fan of not only the financial independence part of...
Having both current income and an investment portfolio makes you financially more secure. That's the smart way to do FIRE....