Want to retire early and live life on your terms?
The FIRE movement (Financial Independence, Retire Early) is about building enough wealth to stop working decades before traditional retirement age. It’s not a dream—it’s a strategy.
Here’s how it works:
- Know your number
Work out your annual living expenses, then multiply by 25.
If you need $50,000 a year, your FIRE number is $1.25 million. - Save aggressively
FIRE followers save 50–70% of their income by cutting non-essential spending and living below their means. - Earn more
Increase your income through promotions, side businesses, or passive income streams. Upskill in high-paying industries like tech, finance, or consulting. - Invest wisely
Put your money into low-cost index funds, ETFs, dividend shares, or investment properties. Compound interest does the heavy lifting. - Eliminate debt
Pay off high-interest loans quickly. Reducing housing and lifestyle costs speeds up your path to independence. - Optimise tax and super
Use tax-efficient investments and maximise super contributions. A smart tax strategy is key to reaching your goals faster. - Track your progress
Use budgeting tools, set milestones, and focus on experiences—not possessions. You’re building freedom, not just wealth.
There are different types of FIRE depending on your lifestyle:
- Lean FIRE: Minimalist, low-cost lifestyle
- Fat FIRE: Financial freedom with luxury
- Barista or Coast FIRE: Semi-retired, part-time work while investments grow
FIRE is about choice.
Work because you want to—not because you have to.
Posted in Personal finance