Title: Know What is FIRE Movement
1Know What is FIRE Movement (Financial
Independence Retire Early)
2This idea is the combining of 2 concepts.
Becoming Financially Independent and of Retiring
Early is called FIRE.
3In younger crowd this concept specifically
gaining Popularity. People have started to
realize that doing mere job in the office isnt
the only way to go through life! Thats 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 cant 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.
4Lets talk about the 2 concepts in FIRE in
detail
51. 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!
62. 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 youre not wealthy enough!
7If youre interested to learn more about FIRE and
creating passive income through real estate click
here!
- The final goal is to become financially
independent here. - We would love to teach you how you can achieve
FIRE with the most dependable process on earth