In general, financial independence is having enough money to pay your living needs for the rest of your life without working. Others, on the other hand, may never achieve financial independence before reaching retirement age or being compelled to retire for other reasons. FIRE stands for “Financial Independence Retire Early.” Followers of this movement have only two simple rules – save as much as you can and live a frugal lifestyle. It might be difficult for you to retire immediately, but you can achieve financial independence with smart investing strategies. Let’s look at a few investment strategies to help you reach financial independence faster while setting yourself up for retirement.

Source: The Nation August 11, 2021 03:56 UTC