If you’ve been on any financial blogs lately, you may have encountered the term “FIRE” — in all caps. What is FIRE? It’s an acronym meaning “Financial Independent / Retire Early.”
It is a financial plan for those that are, generally, high income earners and are saving prodigiously so that they can no longer need to work a job in order to live. Regardless of your exact income, anyone on the FIRE path needs to be a strong saver and disciplined in their finances.
But did you know that there are different flavors of FIRE? Flavors, you ask?