History of FIRE movement in Timeline
The FIRE (Financial Independence, Retire Early) movement is a lifestyle centered on aggressive saving and investment strategies to accumulate a substantial nest egg, enabling early retirement. Popularized by millennials through online platforms like blogs, podcasts, and forums, FIRE emphasizes maximizing savings rates, often exceeding 50% of income, and minimizing expenses. The goal is to achieve financial independence by building a portfolio large enough to cover living expenses through passive income streams, such as investments, thus allowing individuals to retire decades earlier than traditional retirement age.
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