Financial Independence
If you’re interested in the Financial Independence, Retire Early (FIRE) movement in Canada, financial freedom, early retirement or minimalism, then you’ve come to the right place.
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Frequently asked questions about financial independence
What does the Financial Independence Retire Early movement stand for?
The Financial Independence Retire Early (FIRE) movement is a personal finance concept that advocates for young professionals to save a large amount of their income by living a frugal lifestyle, and use the excess cash to invest in assets such as the financial markets or real estate. The idea is that over time, these assets will compound in value up to a certain threshold that is determined by the person based on his/her lifestyle and retirement preferences. Once the person’s investments hit that threshold, they can then retire early and use their investment portfolio to fund their financial needs in retirement.