Today we're talking about the FIRE Movement. Financial independence Retire Early. It's the concept of maxing savings now to be able to retire early. Does it work?



The fire movement was something I first heard about a couple of years ago. It's the idea of saving as much as possible now to be able to retire much earlier than normal. This could mean retiring at age 35 if done right. Today I wanted to talk about the Fire movement and some important concepts that you'll need to understand to make this work correctly. This is a strategy that is very dependent on market conditions to work. If the stock market crashes or we don't recover right away, it might push back your dream retirement day by a couple of years. So today I break down the video into 3 parts.

Part 1: How to calculate your fire number / what do you need to retire
Part 2: Important variables to understand to use FIRE
Part 3: My Thoughts on the Fire Movement and does it work?

Chapters:
0:00 Introduction to Financial Independence Retire Early
0:50 Types of FIRE- Frugal Fire, Barista Fire, Traditional Fire
2:20 The 4% Rule, the 4 rule for retirement
7:00 How to retire young - Investing for early retirement
10:25 IS the fire movement possible - Financial independence motivation


Tags in case this actually helps:
Our plan to retire in 8 years, financial independence, fire movement, personal finance, retire early, save money, debt update, financial independence retire early, financial independence motivation, financial independence retire early fire, retire early fire, early retirement, how to retire early, how to calculate your fire number, the 4% rule, the 4 rule for retirement, how to retire young, our fire number, investing for early, investing for early retirement, frugal living