The Business Times
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MONEY MATTERS

Is Fire for you?

Financial independence is a worthy goal – but an alternative to retiring early is retiring meaningfully

    • Although the "financial independence, retire early" movement has gained followers, there is no need to be pressured by the need to achieve a magic number by retirement or meet a looming retirement deadline.
    • Although the "financial independence, retire early" movement has gained followers, there is no need to be pressured by the need to achieve a magic number by retirement or meet a looming retirement deadline. PHOTO: PIXABAY

    Lorna Tan

    Published Sat, Sep 21, 2024 · 05:00 AM

    THE notion of achieving financial freedom and being able to retire early is attractive to many – thus, the Fire or “financial independence, retire early” lifestyle movement, defined by frugality, robust savings and investing with the goal of retiring earlier than the traditional retirement age of 65.

    Essentially, you want to work very hard (for some, this means taking on more than one job) to save lots of money and invest it while young, with the aim of quitting your job ahead of your peers and enjoying financial freedom.

    But if you delve deeper into it, there is more to Fire than meets the eye.

    RetirementFinancial planning

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