F.I.R.E. — AN INTRODUCTION

Seven-minute Video helps define the terms in the Fire Movement

WHAT IS F.I.R.E.?

Mike Jacobson and Harland Merriam introduce what is known as the FIRE Movement. This is an approach and set of actions to achieve financial independence as soon as possible. When you are financially independent you don’t need to work anymore.

In other words, if you want to you can retire whenever you want. How does that sound?

F.I.R.E. takes the first letters of the four words Financial Independence – Retire Early.

The key is to understand the difference between your active income (what you work to get usually by trading your time for dollars) and your passive income (a source of income that comes whether you work or night or as someone calls it “mailbox money” which you make while you sleep.)

The measure of financial independence is having more passive income than you do expenses. In other words, you don’t have to work to pay the bills.

What can you see would be the benefit of achieving financial independence?

NEXT WEEK’S VIDEO

Mike and Harland will be sharing a series of videos on the F.I.R.E. Movement over the next weeks.

Learn two simple steps to achieve this financial independence in next week’s video. Start taking these two steps to gain the passive income you will need to retire early.

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