FIRE FAQ: Frequently Asked Questions About Financial Independence & Retiring Early

So you’ve discovered this FIRE movement, and you’d love to learn more. You wish there were a FIRE FAQ. Well, now there is!

I’ve done my best to compile many of the questions I had when I first learned about financial independence and how it infers the ability to retire early.

An alternate title could be “All the questions you had about FIRE but were afraid to ask.”

What does it mean to be financially independent?

Some people consider their kids to be “financially independent” when they’re out of the house and paying for their own cell phone and auto insurance. That’s not the kind of independence we’re talking about here.

In this case, financial independence means that one’s desired standard of living is fully funded indefinitely without the need for earned income.

How much money do you need to claim financial independence?

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