But some may continue to work in their current jobs, while others might take on jobs they're more passionate about but that pay less. Yes, many do choose to retire and spend their time on other activities. It's all about owning your time and spending it how you want to rather than stopping work altogether."Īs Aumond notes, many people who reach FIRE don't actually leave the workforce altogether. You could travel, volunteer, work part-time, change careers, go back to school, etc. "You could continue to work, as my husband and I are right now. "This movement is about becoming work optional," Aumond says. Many people started websites and social accounts documenting their own journeys toward FIRE, inspiring their readers and followers to do the same.Īccording to Lauren Keen Aumond, the creator of Adulting Is Easy and someone who has recently reached FIRE with her husband, FIRE means different things to different people. The movement has continued to gain popularity, especially with the rise of social media and blogs. In the book, the authors explain that as long as you can grow your investments large enough that you can live off your returns, then you don't necessarily have to continue working. The concept dates back to the 1992 bestseller, "Your Money Or Your Life," by Joe Dominguez and Vicki Robin. The Financial Independence, Retire Early movement - often referred to simply as FIRE - is a lifestyle with the goal of investing enough to become financially independence and retire before the traditional retirement age. What is the Financial Independence, Retire Early movement?
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