Personal finance dictionary: FIRE

What does FIRE mean?

Fire stands for Financial Independence/Retire early. It is generally split into the two terms as some people strive for one side and not the other. FIRE is a flexible term for people who have the goals of having enough money to be:

  • financially independent to live the lifestyle that they want without worrying about money.
  • mortgage & debt free.
  • financially stable enough to retire early IF they choose to do so. Not everyone who aims for FIRE wants to retire immediately. Rather they would like to have the ability to choose to work rather than have to work.

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

This site uses Akismet to reduce spam. Learn how your comment data is processed.