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Lean FIRE vs. Fat FIRE: Which Path Fits Your Values?
If you don't want to spend the next several decades tied to a desk, you might find the Financial Independence, Retire Early (FIRE) movement appealing. The whole idea is to save aggressively while you're young so you can build up a large nest egg and retire much earlier than the average person -- sometimes even in your 30s or 40s.But as the FIRE movement has grown, it's also come to mean different things to different people. Lean FIRE and Fat FIRE are two of the most common approaches, and they appeal to two very different audiences. Understanding the pros and cons of each could help you decide which camp you want to join.Image source: Getty Images.Continue reading
If you don't want to spend the next several decades tied to a desk, you might find the Financial Independence, Retire Early (FIRE) movement appealing. The whole idea is to save aggressively while you're young so you can build up a large nest egg and retire much earlier than the average person -- sometimes even in your 30s or 40s.
But as the FIRE movement has grown, it's also come to mean different things to different people. Lean FIRE and Fat FIRE are two of the most common approaches, and they appeal to two very different audiences. Understanding the pros and cons of each could help you decide which camp you want to join.
Image source: Getty Images.
