Join the FIRE Movement

Social Media are awash these days with this new trend called FIRE (acronym for Financial Independence Retire Early) movement in many parts of the northern hemisphere. The first part is a real gem, even if you have decided to ignore the second part and go the whole nine yards and retire at the right legal (stipulated) age. Financial independence is something that can only be achieved with patience and discipline than knowing all the theories of investing etc. The theories will not take you anywhere but patience and discipline will. The best way to have the financial discipline is to first identify; 1. From where the money comes, 2. Where it goes. Let’s assume that you land on your first job in the city, just after your high school at the age of 18. This employment will pay X amount every month as your remuneration, Now, the source of income is known and how much amount would be is no secret too. Let’s get into the second part now of identifying where it would finally end up. To de...