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Know What is FIRE Movement

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Know What is FIRE Movement

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  1. Know What is FIRE Movement (Financial Independence Retire Early)

  2. This idea is the combining of 2 concepts. Becoming Financially Independent and of Retiring Early is called FIRE.

  3. In younger crowd this concept specifically gaining Popularity. People have started to realize that doing mere job in the office isn’t the only way to go through life! That’s why the FIRE movement is gaining momentum. On the other hand, succeeding in FIRE is quite difficult! Aalot of work and self-discipline is required. It continuously requires monetary provisions or creating some type of business to sell products or services. Building your own business takes a lot of work and can’t be accomplished immediately. Sometimes people can achieve FIRE by planning and building a business in 10 years. Some work for someone for 40-50 years.

  4. Let’s talk about the 2 concepts in FIRE in detail:

  5. 1. Financial Independence Financial independence is achieved when person has available means to decide if they want to continue to work or not. There is a possibility that they have saved money which is invested or they have business that provides them passive income every month. After your passive income exceeds your monthly expenses, you are financially independent!

  6. 2. Early Retirement This means what it says. To retire early from work. To quit your job early i.e. generally before 65 in most of the places. Once you build up your passive income, you can retire anytime you want. Even if you’re not wealthy enough!

  7. If you’re interested to learn more about FIRE and creating passive income through real estate click here! The final goal is to become financially independent here. We would love to teach you how you can achieve FIRE with the most dependable process on earth

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