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FIRE

FIRE

What is FIRE?

Many Americans dream of financial independence because it offers people the ability to do what they love. The Nophin blog outlines what financial independence is.

FIRE is a community and a movement that stands for "Financial Independence, Retire Early." Members set a goal around which age they want to retire and track their savings to get there.

One of the important tenets of FIRE is that you need to establish a passive income stream. Ideally, you do this early so you give the investment a chance to compound for a few years. FIRE enthusiasts often become property investors because real estate is one of the best and most consistent ways for people to build wealth.

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