January 28, 2025
What does FIRE stand for? Financially Independent Retiring Early. Basically, you stop spending so much on stuff. You take the money you would have spent on stuff and you save it. And once you've saved it, you then buy assets with it. Assets are things that pay you, things like property, shares, bonds, index funds. And you keep going like that through your working life and eventually you reach a point at which the income from your assets is enough to sustain your lifestyle. At that point, you don't have to work anymore because you don't need a wage to survive. Working becomes a choice. 🔥💼💰 #FIREMovement #FinancialFreedom #EarlyRetirement #InvestSmart #WealthBuilding #MoneyMatters #FinancialIndependence
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