FIRE is an acronym for Financial Independent Retired Early. What does FIRE mean to me?
My ultimate goal is to achieve financial independence. Whilst the idea of retiring early sounds cool, that is not my ultimate goal.
Financial independence will provide me with choice, the ability to decide how many hours I work a week or year, when I work, where I work and for whom. Rather than just chasing the largest pay check and working fulltime.
Although we all have choice, its extent is limited because at the end of the month, we all still have bills to pay. This is always at the back of my mind, but I do not want it influencing decisions in my life. By taking control and focussing on financial independence, I will have a positive impact on the outcome and my future.
There are no quick solutions, but if I could reduce my compulsory working life by 1 year, 5 years, 10 years or even more, it would have a significant benefit to my life, and give me a far greater say in determining my own future.