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1. Know What is FIRE Movement
(Financial Independence Retire Early)

2. This idea is the combining of 2 concepts.
Becoming Financially Independent and of
Retiring Early is called FIRE.

3. In younger crowd this concept specifically gaining Popularity.
People have started to realize that doing mere job in the office
isn’t the only way to go through life!
That’s why the FIRE movement is gaining momentum.
On the other hand, succeeding in FIRE is quite difficult! Aa lot of
work and self-discipline is required.
It continuously requires monetary provisions or creating some
type of business to sell products or services.
Building your own business takes a lot of work and can’t be
accomplished immediately.
Sometimes people can achieve FIRE by planning and building a
business in 10 years. Some work for someone for 40-50 years.

4. Let’s talk about the 2 concepts in FIRE in
detail:

5. 1. Financial Independence
Financial independence
is achieved when person
has available means to
decide if they want to
continue to work or not.
There is a possibility that
they have saved money
which is invested or they
have business that
provides them passive
income every month.
After your passive
income exceeds your
monthly expenses, you
are financially
independent!

6. 2. Early Retirement
This means what it
says. To retire
early from work.
To quit your job
early i.e. generally
before 65 in most
of the places.
Once you build up
your passive
income, you can
retire anytime you
want. Even if
you’re not wealthy
enough!

7. The final goal is to become financially
independent here.
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estate click here!