Becoming F.I.R.E: The Foundation to being Financially Independent Early Retiring

F.I.R.E. (Financial Independence, Retire Early) is a financial movement and lifestyle centered around saving and investing a high percentage of one's income to achieve financial independence and retire early. The basic idea of F.I.R.E. is to live below one's means, minimize debt, and invest in low-cost index funds to achieve financial independence. The ultimate goal of F.I.R.E. is to achieve a point where passive income from investments exceeds one's expenses, allowing for early retirement. F.I.R.E. is not a one-size-fits-all approach, and individuals must tailor the approach to their own unique financial situation and goals.